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Near - Optimal Simple and Prior-Independent Auctions

Near - Optimal Simple and Prior-Independent Auctions. Tim Roughgarden (Stanford). Motivation. Optimal auction design: what's the point? One primary reason: suggests auction formats likely to perform well in practice. Exhibit A: single-item Vickrey auction.

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Virtual bid - PowerPoint PPT Presentation

Near - Optimal Simple and Prior-Independent Auctions