Download PDF by Bruno Codenotti (auth.), Giuseppe Persiano (eds.): Algorithmic Game Theory: 4th International Symposium, SAGT

By Bruno Codenotti (auth.), Giuseppe Persiano (eds.)

ISBN-10: 3642248284

ISBN-13: 9783642248283

ISBN-10: 3642248292

ISBN-13: 9783642248290

This e-book constitutes the refereed court cases of the Fourth overseas Symposium on Algorithmic online game conception, SAGT 2011, held in Amalfi, Italy, in October 2011. The 26 revised complete papers awarded including 2 invited lectures have been rigorously reviewed and chosen from sixty five submissions. The papers are equipped in topical sections on auctions and ads, caliber of strategies, externalities, mechanism layout, complexity, community video games, pricing, in addition to routing games.

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Additional info for Algorithmic Game Theory: 4th International Symposium, SAGT 2011, Amalfi, Italy, October 17-19, 2011. Proceedings

Example text

Although still a relatively nascent industry, the mechanism for advertising on the internet has evolved considerably over the past two decades. Initially, ads were sold on a purely CPM (cost-per-mille) basis, and it was the number of impressions that determined the payment made by the advertiser. As the marketplace matured, publishers allowed advertisers to pay per click (CPC basis), and, more recently per action [12] or conversions (CPA basis). Auction mechanisms play a critical role in both of these formats [8] and the celebrated Generalized Second Price (GSP) mechanism has been extensively studied and analyzed [7,1].

In: Proceedings of the Fourteenth Annual ACM-SIAM Symposium on Discrete Algorithms, SODA 2003, pp. 761–770. Society for Industrial and Applied Mathematics, Philadelphia (2003) 3. : Truthful unification framework for packing integer programs with choices. , Walukiewicz, I. ) ICALP 2008, Part I. LNCS, vol. 5125, pp. 833–844. Springer, Heidelberg (2008) 4. : Auctions with online supply. In: Fifth Workshop on Ad Auctions (2009) 5. : Online competitive algorithms for maximizing weighted throughput of unit jobs.

This pattern was also spotted in real data collected by Edelman and Ostrovsky [12] from Overture search engine which they referred to as ’Sawtooth’ pattern. It is worth mentioning that Overture used a first price auction mechanism, in which the existence of this pattern is less surprising. This bidding war pattern matches our theoretical results that show cases where there is no PNE if the loser agents is restricted to bid truthfully (Table 2). References 1. : Auctions with budget constraints. , Katajainen, J.

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Algorithmic Game Theory: 4th International Symposium, SAGT 2011, Amalfi, Italy, October 17-19, 2011. Proceedings by Bruno Codenotti (auth.), Giuseppe Persiano (eds.)

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