TY - GEN
T1 - On Symmetries in Multi-dimensional Mechanism Design
AU - Essaidi, Meryem
AU - Weinberg, S. Matthew
N1 - Publisher Copyright:
© 2022, Springer Nature Switzerland AG.
PY - 2022
Y1 - 2022
N2 - We consider a revenue-maximizing seller with multiple items for sale to a single population of buyers. Our main result shows that for a single population of additive buyers with independent (but not necessarily identically distributed) item values, bundling all items together achieves a constant-factor approximation to the revenue-optimal item-symmetric mechanism. We further motivate this direction via fairness in ad auctions. In ad auction domains the items correspond to views from particular demographics, and recent works have therefore identified a novel fairness constraint: equally-qualified users from different demographics should be shown the same desired ad at equal rates. Prior work abstracts this to the following fairness guarantee: if an advertiser places an identical bid on two users, those two users should view the ad with the same probability [27, 34]. We first propose a relaxation of this guarantee from worst-case to Bayesian settings, which circumvents strong impossibility results from these works, and then study this guarantee through the lens of symmetries, as any item-symmetric auction is also fair (by this definition). Observe that in this domain, bundling all items together corresponds to concealing all demographic data [23].
AB - We consider a revenue-maximizing seller with multiple items for sale to a single population of buyers. Our main result shows that for a single population of additive buyers with independent (but not necessarily identically distributed) item values, bundling all items together achieves a constant-factor approximation to the revenue-optimal item-symmetric mechanism. We further motivate this direction via fairness in ad auctions. In ad auction domains the items correspond to views from particular demographics, and recent works have therefore identified a novel fairness constraint: equally-qualified users from different demographics should be shown the same desired ad at equal rates. Prior work abstracts this to the following fairness guarantee: if an advertiser places an identical bid on two users, those two users should view the ad with the same probability [27, 34]. We first propose a relaxation of this guarantee from worst-case to Bayesian settings, which circumvents strong impossibility results from these works, and then study this guarantee through the lens of symmetries, as any item-symmetric auction is also fair (by this definition). Observe that in this domain, bundling all items together corresponds to concealing all demographic data [23].
KW - Fairness
KW - Multi-dimensional ad auctions
KW - Symmetry
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U2 - 10.1007/978-3-030-94676-0_4
DO - 10.1007/978-3-030-94676-0_4
M3 - Conference contribution
AN - SCOPUS:85124321399
SN - 9783030946753
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 59
EP - 75
BT - Web and Internet Economics - 17th International Conference, WINE 2021, Proceedings
A2 - Feldman, Michal
A2 - Fu, Hu
A2 - Talgam-Cohen, Inbal
PB - Springer Science and Business Media Deutschland GmbH
T2 - 17th International Conference on Web and Internet Economics, WINE 2021
Y2 - 14 December 2021 through 17 December 2021
ER -