Chapter

Internet and Network Economics

Volume 6484 of the series Lecture Notes in Computer Science pp 170-181

Truthful Mechanisms for Exhibitions

• George ChristodoulouAffiliated withMax-Planck-Institut für InformatikCluster of Excellence “Multimodal Computing and Interaction”, Universität des Saarlandes
• , Khaled ElbassioniAffiliated withMax-Planck-Institut für Informatik
• , Mahmoud FouzAffiliated withFR Informatik, Universität des Saarlandes

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Abstract

We consider the following combinatorial auction: Given a range space , and m bidders interested in buying only ranges in , each bidder j declares her bid . We give a deterministic truthful mechanism, when the valuations are single-minded: when is a collection of fat objects (respectively, axis-aligned rectangles) in the plane, there is a truthful mechanism with a 1 + ε- (respectively, ⌈logn⌉)-approximation of the social welfare (where n is an upper bound on the maximum integral coordinate of each rectangle). We also consider the non-single-minded case, and design a randomized truthful-in-expectation mechanism with approximation guarantee O(1) (respectively, O(logm)).
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