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Utility Maximizer or Value Maximizer: Mechanism Design for Mixed Bidders in Online Advertising

AAAI 2023 · Learning theory and algorithms › Submodular and game algorithms · approach: Learned auction design · 8 citations (OpenAlex)

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Measured effects reported in the paper

What was changedWhereMeasuredEffect
Combine VCG-style and GSP-style payments while allocating slots by bid valueMixed-bidder auctions with public classes (MPU) · Mixed bidders, public classesliquid social welfareHelped
Use slot-based prices and allocate VMs first, then assign UMs to their best-utility slotsMixed-bidder auctions with private classes (MPR) · Mixed bidders, private classesapproximation ratio: 2Helped
Require incentive compatibility, individual rationality, and robustnessMechanisms for mixed bidders · Mixed bidders, private classesapproximation ratio lower bound: \frac{5}{4}Hurt

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