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arXiv · 1605.01220

Optimal Design of Robust Combinatorial Mechanisms for Substitutable Goods

Maciej Drwal
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Abstract

In this paper we consider multidimensional mechanism design problem for selling discrete substitutable items to a group of buyers. Previous work on this problem mostly focus on stochastic description of valuations used by the seller. However, in certain applications, no prior information regarding buyers' preferences is known. To address this issue, we consider uncertain valuations and formulate the problem in a robust optimization framework: the objective is to minimize the maximum regret. For a special case of revenue-maximizing pricing problem we present a solution method based on mixed-integer linear programming formulation.

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Maciej Drwal. 2016-05-04. Optimal Design of Robust Combinatorial Mechanisms for Substitutable Goods. https://arxiv.org/abs/1605.01220

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