1 Search Results for "Thomas, Clay"


Document
Implementation in Advised Strategies: Welfare Guarantees from Posted-Price Mechanisms When Demand Queries Are NP-Hard

Authors: Linda Cai, Clay Thomas, and S. Matthew Weinberg

Published in: LIPIcs, Volume 151, 11th Innovations in Theoretical Computer Science Conference (ITCS 2020)


Abstract
State-of-the-art posted-price mechanisms for submodular bidders with m items achieve approximation guarantees of O((log log m)^3) [Sepehr Assadi and Sahil Singla, 2019]. Their truthfulness, however, requires bidders to compute an NP-hard demand-query. Some computational complexity of this form is unavoidable, as it is NP-hard for truthful mechanisms to guarantee even an m^(1/2-ε)-approximation for any ε > 0 [Shahar Dobzinski and Jan Vondrák, 2016]. Together, these establish a stark distinction between computationally-efficient and communication-efficient truthful mechanisms. We show that this distinction disappears with a mild relaxation of truthfulness, which we term implementation in advised strategies. Specifically, advice maps a tentative strategy either to that same strategy itself, or one that dominates it. We say that a player follows advice as long as they never play actions which are dominated by advice. A poly-time mechanism guarantees an α-approximation in implementation in advised strategies if there exists advice (which runs in poly-time) for each player such that an α-approximation is achieved whenever all players follow advice. Using an appropriate bicriterion notion of approximate demand queries (which can be computed in poly-time), we establish that (a slight modification of) the [Sepehr Assadi and Sahil Singla, 2019] mechanism achieves the same O((log log m)^3)-approximation in implementation in advised strategies.

Cite as

Linda Cai, Clay Thomas, and S. Matthew Weinberg. Implementation in Advised Strategies: Welfare Guarantees from Posted-Price Mechanisms When Demand Queries Are NP-Hard. In 11th Innovations in Theoretical Computer Science Conference (ITCS 2020). Leibniz International Proceedings in Informatics (LIPIcs), Volume 151, pp. 61:1-61:32, Schloss Dagstuhl – Leibniz-Zentrum für Informatik (2020)


Copy BibTex To Clipboard

@InProceedings{cai_et_al:LIPIcs.ITCS.2020.61,
  author =	{Cai, Linda and Thomas, Clay and Weinberg, S. Matthew},
  title =	{{Implementation in Advised Strategies: Welfare Guarantees from Posted-Price Mechanisms When Demand Queries Are NP-Hard}},
  booktitle =	{11th Innovations in Theoretical Computer Science Conference (ITCS 2020)},
  pages =	{61:1--61:32},
  series =	{Leibniz International Proceedings in Informatics (LIPIcs)},
  ISBN =	{978-3-95977-134-4},
  ISSN =	{1868-8969},
  year =	{2020},
  volume =	{151},
  editor =	{Vidick, Thomas},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops-dev.dagstuhl.de/entities/document/10.4230/LIPIcs.ITCS.2020.61},
  URN =		{urn:nbn:de:0030-drops-117464},
  doi =		{10.4230/LIPIcs.ITCS.2020.61},
  annote =	{Keywords: Combinatorial auctions, Posted-Price mechanisms, Submodular valuations, Incentive compatible}
}
  • Refine by Author
  • 1 Cai, Linda
  • 1 Thomas, Clay
  • 1 Weinberg, S. Matthew

  • Refine by Classification
  • 1 Theory of computation → Algorithmic mechanism design
  • 1 Theory of computation → Solution concepts in game theory

  • Refine by Keyword
  • 1 Combinatorial auctions
  • 1 Incentive compatible
  • 1 Posted-Price mechanisms
  • 1 Submodular valuations

  • Refine by Type
  • 1 document

  • Refine by Publication Year
  • 1 2020

Questions / Remarks / Feedback
X

Feedback for Dagstuhl Publishing


Thanks for your feedback!

Feedback submitted

Could not send message

Please try again later or send an E-mail