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Sequences of Take-It-or-Leave-It Offers: Near-Optimal Auctions Without Full Valuation Revelation

AAMAS '06 Proceedings of the fifth international joint conference on Autonomous agents and multiagen..., pp.1127-1134, (2006)

Cited: 55|Views42
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Abstract

We introduce take-it-or-leave-it auctions (TLAs) as an allo- cation mechanism that allows buyers to retain much of their private valuation information, yet generates close-to-optimal expected utility for the seller. We show that if each buyer receives at most one offer, each buyer's dominant strategy is to act truthfully. In more general ...More

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