Nov 17, 2018 · In this paper, we take the perspective of a budget management system that surfaces aggregated incentives -- instead of individual auctions -- ...
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Apr 6, 2022 · In an individual first price auction, the winner has a significant incentive to bid strategically when the gap between the first and second bid ...
In particular, first price auctions offer theoretical guarantees of equilibrium uniqueness, mono- tonicity, and other desirable properties, as well as efficient ...
In an individual first price auction, the winner has a significant incentive to bid strategically when the gap between the first and second bid is large, and ...
In this paper, we study pacing equilibria in the context of first-price auctions, which are popular in the theory of ad mechanisms. We show existence, ...
In this work, it is shown that the problem of finding an approximate pacing equilibrium is PPAD-complete for second-price auctions, which implies the ...
Jun 17, 2019 · In the isolated auction of a single item, second price is often preferable to first price in properties of theoretical interest.
In this paper, we take the perspective of a budget management system that surfaces aggregated incentives—instead of individual auctions—and compare first and ...
Dec 1, 2022 · In this paper, we present a new model to study the equilibrium bidding strategies in standard auctions, a large class of auctions that includes ...
(2022a) . This paper introduces the first-price pacing equilibrium (FPPE), a solution concept for autobidders in the first-price auction whose goal is to ...