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Scalable Virtual Valuations Combinatorial Auction Design by Combining Zeroth-Order and First-Order Optimization Method
Feb. 20, 2024, 5:43 a.m. | Zhijian Duan, Haoran Sun, Yichong Xia, Siqiang Wang, Zhilin Zhang, Chuan Yu, Jian Xu, Bo Zheng, Xiaotie Deng
cs.LG updates on arXiv.org arxiv.org
Abstract: Automated auction design seeks to discover empirically high-revenue and incentive-compatible mechanisms using machine learning. Ensuring dominant strategy incentive compatibility (DSIC) is crucial, and the most effective approach is to confine the mechanism to Affine Maximizer Auctions (AMAs). Nevertheless, existing AMA-based approaches encounter challenges such as scalability issues (arising from combinatorial candidate allocations) and the non-differentiability of revenue. In this paper, to achieve a scalable AMA-based method, we further restrict the auction mechanism to Virtual Valuations …
abstract ama arxiv automated cs.gt cs.lg design machine machine learning optimization revenue scalable strategy type valuations virtual
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