UPDF AI

Limited Supply Online Auctions for Revenue Maximization

Piotr Krysta,Orestis Telelis

2012 · DOI: 10.1007/978-3-642-35311-6_41
Workshop on Internet and Network Economics · 2 Citations

TLDR

This work considers the design of competitive truthful auctions for prior-free revenue maximization, to sell copies of a single good in limited supply to unit-demand bidders that arrive online, and presents an algorithmic reduction of the problem to the problem of unlimited supply.