On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
On Revenue Optimal Combinatorial Auctions - IFP Group at the ...
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Why Study Single-Minded Buyers Model?<br />
Key is to understand and handle complementarity.<br />
A bundle as a whole can be more valuable than <strong>the</strong> sum of values<br />
of its parts.<br />
Single-minded buyers - an extreme case of complementarity.<br />
Problem is still nontrivial (two dimensional):<br />
A buyer can misreport both his bundle and its value.<br />
No general result on revenue maximiz<strong>at</strong>ion is known even for<br />
this extreme case.<br />
Some real examples where buyers are single minded.