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  • 标题:Revenue Submodularity
  • 本地全文:下载
  • 作者:Shaddin Dughmi ; Tim Roughgarden ; Mukund Sundararajan
  • 期刊名称:Theory of Computing
  • 印刷版ISSN:1557-2862
  • 电子版ISSN:1557-2862
  • 出版年度:2012
  • 卷号:8
  • 页码:95-119
  • 出版社:University of Chicago
  • 摘要:

    We introduce revenue submodularity, the property that market expansion has diminishing returns on an auction's expected revenue. We prove that revenue submodularity is generally possible only in matroid markets, that Bayesian-optimal auctions are always revenue-submodular in such markets, and that the VCG mechanism is revenue-submodular in matroid markets with i.i.d. bidders and “sufficient competition.” We also give two applications of revenue submodularity: good approximation algorithms for novel market expansion problems, and approximate revenue guarantees for the VCG mechanism with i.i.d. bidders.

  • 关键词:submodularity; revenue; VCG; optimal auctions; monotonicity
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