Optimal auction design - PowerPoint PPT Presentation

On Optimal Single-Item Auctions

On Optimal Single-Item Auctions. George Pierrakos UC Berkeley based on joint works with: Constantinos Daskalakis , Ilias Diakonikolas , Christos Papadimitriou, Yaron Singer. The tale of two auctions. V ~ U[0,20]. 13. 5. 7. 12. 9. 15. 8.

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Mechanism Design

Mechanism Design. Milan Vojnović Lab tutorial, March 2010. Mechanism design is about designing a game so as to achieve a desired goal. b 1. b 2. b n. . Input:. Output: ( x , p ). other input. allocation:. payment:. Ex 1: sponsored search. Ex 1: sponsored search (cont’d). a.

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