Keywords and Synonyms
Forward (combinatorial, multi-unit) auction
Problem Definition
This problem deals with the design of efficiently computable incentive compatible, or truthful, mechanisms for combinatorial optimization problems with selfish one-parameter agents and a single seller. The focus is on approximation algorithms for NP-hard mechanism design problems. These algorithms need to satisfy certain monotonicity properties to ensure truthfulness.
A one parameter agent is an agent who as her private data has some resource as well as a valuation, i. e., the maximum amount of money she is willing to pay for this resource. Sometimes, however, the resource is assumed to be known to the mechanism. The scenario where a single seller offers these resources to the agents is primarily considered. Typically, the seller aims at maximizing the social welfare or her revenue. The work by Briest, Krysta and Vöcking [6] will mostly be considered, but also other existing models and results will be...
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In the case of unknown single-minded bidders, the bidders have as private data not only their valuations (as in the case of known single-minded bidders) but also the sets they demand.
Recommended Reading
Andelman, N., Mansour, Y.: A sufficient condition for truthfulness with single parameter agents. In: Proc. 8th ACM Conference on Electronic Commerce (EC),Ann, Arbor, Michigan, June (2006)
Archer, A., Papadimitriou, C.H., Talwar, K., Tardos, E.: An approximate truthful mechanism for combinatorial auctions with single parameter agents. In: Proc. 14th Ann. ACM–SIAM Symp. on Discrete Algorithms (SODA), pp. 205–214. Baltimore, Maryland (2003)
Awerbuch, B., Azar, Y., Meyerson, A.: Reducing truth-telling online mechanisms to online optimization. In: Proc. 35th Ann. ACM. Symp. on Theory of Comput. (STOC), San Diego, California (2003)
Azar, Y., Gamzu, I., Gutner, S.: Truthful unsplittable flow for large capacity networks. In: Proc. 19th Ann. ACM Symp. on Parallelism in Algorithms and Architectures (SPAA), pp. 320–329 (2007)
Bartal, Y., Gonen, R., Nisan, N.: Incentive compatible multi unit combinatorial auctions. In: Proceedings of the 9th conference on Theoretical aspects of rationality and knowledge (TARK), pp. 72–87. ACM Press (2003). http://doi.acm.org/10.1145/846241.846250
Briest, P., Krysta, P., Vöcking, B.: Approximation techniques for utilitarian mechanism design. In: Proc. 37th Ann. ACM. Symp. on Theory of Comput. (STOC), pp. 39–48 (2005)
Fiat, A., Goldberg, A.V., Hartline, J.D., Karlin, A.R.: Competitive generalized auctions. In: Proc. 34th Ann. ACM. Symp. on Theory of Comput. (STOC), pp. 72–81 (2002)
Goldberg, A.V., Hartline, J.D., Wright, A.: Competitive auctions and digital goods. In: Proc. 12th Ann. ACM–SIAM Symp. on Discrete Algorithms (SODA), pp. 735–744 (2001)
Krysta, P.: Greedy approximation via duality for packing, combinatorial auctions and routing. In: Proc. 30th Int. Conference on Mathematical Foundations of Comput. Sci. (MFCS). Lecture Notes in Computer Science, vol. 3618, pp. 615–627 (2005)
Lehmann, D.J., O'Callaghan, L.I., Shoham, Y.: Truth revelation in approximately efficient combinatorial auctions. In: Proc. 1st ACM Conference on Electronic Commerce (EC), pp. 96–102 (1999)
Mu'alem, A., Nisan, N.: Truthful approximation mechanisms for restricted combinatorial auctions. In: Proc. 18th Nat. Conf. Artificial Intelligence, pp. 379–384. AAAI (2002)
Myerson, R.B.: Optimal auction design. Math. Oper. Res. 6, 58–73 (1981)
Ronen, A.: On approximating optimal auctions (extended abstract). In: Proc. 3rd ACM Conference on Electronic Commerce (EC), pp. 11–17 (2001)
Ronen, A., Saberi, A.: On the hardness of optimal auctions. In: Proc. 43rd Ann. IEEE Symp. on Foundations of Comput. Sci. (FOCS), pp. 396–405 (2002)
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Krysta, P., Vöcking, B. (2008). Utilitarian Mechanism Design for Single-Minded Agents. In: Kao, MY. (eds) Encyclopedia of Algorithms. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-30162-4_454
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DOI: https://doi.org/10.1007/978-0-387-30162-4_454
Publisher Name: Springer, Boston, MA
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