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Title: Computing Bayes-Nash Equilibria in Combinatorial Auctions with Verification
We present a new algorithm for computing pure-strategy ε-Bayes-Nash equilibria (ε-BNEs) in combinatorial auctions. The main innovation of our algorithm is to separate the algorithm’s search phase (for finding the ε-BNE) from the verification phase (for computing the ε). Using this approach, we obtain an algorithm that is both very fast and provides theoretical guarantees on the ε it finds. Our main contribution is a verification method which, surprisingly, allows us to upper bound the ε across the whole continuous value space without making assumptions about the mechanism. Using our algorithm, we can now compute ε-BNEs in multi-minded domains that are significantly more complex than what was previously possible to solve. We release our code under an open-source license to enable researchers to perform algorithmic analyses of auctions, to enable bidders to analyze different strategies, and many other applications.  more » « less
Award ID(s):
1761163
PAR ID:
10287396
Author(s) / Creator(s):
; ; ;
Date Published:
Journal Name:
Journal of Artificial Intelligence Research
Volume:
69
ISSN:
1076-9757
Page Range / eLocation ID:
531 to 570
Format(s):
Medium: X
Sponsoring Org:
National Science Foundation
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