Simple vs. Optimal Auctions
Jason Hartline
EECS, Northwestern University
Wednesday, September 09, 2009
2:30 PM, 3310 CS
Reserve-price based auctions are widely prevalent, e.g., eBay, adWords, and Sotheby's. While they are optimal in simple settings, they are not in more realistic settings. We show that in very general settings, reserve-price based auctions are close to optimal. The talk will begin with a review of the basics of auction theory up to and including the work for which Roger Myerson won the 2007 Nobel prize in economics.
Additional CS events.
|
