论文标题
在自动竞标下非真实拍卖的效率
Efficiency of non-truthful auctions under auto-bidding
论文作者
论文摘要
现在,自动投标已被广泛用作广告商和互联网广告之间的接口,因为它允许广告商指定高级目标,例如最大化价值受到每款限制的约束。先前的研究主要集中于真实的拍卖(例如水疗中心),因为统一的招标在此类拍卖中是最佳的,这使其无法理解有关均衡的理由。一个诱人的问题是,是否可以通过离开真实的拍卖领域来获得更有效的结果。 这是第一篇在先前无自生物招标环境中研究非真实拍卖的论文。我们的第一个结果是,当人们考虑确定性拍卖时,非真实性没有任何好处。任何确定性机制的无政府状态(POA)的价格至少为$ 2 $,即使以$ 2 $ bidders的价格;这符合确定性真实的机制可以实现的目标。特别是,我们证明了第一个价格拍卖的POA恰好为$ 2 $。对于我们的第二个结果,我们构建了一场随机的非真实拍卖,以$ 2 $ bidders的价格达到1.8美元的POA。这是解决此问题的最著名的POA。以前最著名的POA用于此问题$ 1.9 $,并通过真实的机制实现了。此外,我们在这种情况下证明了非真实性的好处,证明了这款随机拍卖的真实版本的POA $ 1.9 $。最后,我们表明,随着广告商数量成长为无穷大,没有拍卖(即使是随机,不实现)可以改善$ 2 $的POA。
Auto-bidding is now widely adopted as an interface between advertisers and internet advertising as it allows advertisers to specify high-level goals, such as maximizing value subject to a value-per-spend constraint. Prior research has mostly focused on auctions which are truthful (such as SPA) since uniform bidding is optimal in such auctions, which makes it manageable to reason about equilibria. A tantalizing question is whether one can obtain more efficient outcomes by leaving the realm of truthful auctions. This is the first paper to study non-truthful auctions in the prior-free auto-bidding setting. Our first result is that non-truthfulness provides no benefit when one considers deterministic auctions. Any deterministic mechanism has a price of anarchy (PoA) of at least $2$, even for $2$ bidders; this matches what can be achieved by deterministic truthful mechanisms. In particular, we prove that the first price auction has PoA of exactly $2$. For our second result, we construct a randomized non-truthful auction that achieves a PoA of $1.8$ for $2$ bidders. This is the best-known PoA for this problem. The previously best-known PoA for this problem was $1.9$ and was achieved with a truthful mechanism. Moreover, we demonstrate the benefit of non-truthfulness in this setting by showing that the truthful version of this randomized auction also has a PoA of $1.9$. Finally, we show that no auction (even randomized, non-truthful) can improve upon a PoA bound of $2$ as the number of advertisers grow to infinity.