A note on the efficiency of position mechanisms with budget constraints

Information Processing Letters, pp. 28-33, 2019.

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Abstract:

We study the social efficiency of several well-known mechanisms for the allocation of a set of available (advertising) positions to a set of competing budget-constrained users (advertisers). Specifically, we focus on the Generalized Second Price auction (GSP), the Vickrey–Clarke–Groves mechanism (VCG) and the Expressive Generalized First ...More

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