{"id":157517,"date":"2009-01-01T00:00:00","date_gmt":"2009-01-01T00:00:00","guid":{"rendered":"https:\/\/cm-edgetun.pages.dev\/en-us\/research\/msr-research-item\/limited-and-online-supply-and-the-bayesian-foundations-of-prior-free-mechanism-design\/"},"modified":"2018-10-16T19:56:08","modified_gmt":"2018-10-17T02:56:08","slug":"limited-and-online-supply-and-the-bayesian-foundations-of-prior-free-mechanism-design","status":"publish","type":"msr-research-item","link":"https:\/\/cm-edgetun.pages.dev\/en-us\/research\/publication\/limited-and-online-supply-and-the-bayesian-foundations-of-prior-free-mechanism-design\/","title":{"rendered":"Limited and Online Supply and the Bayesian foundations of prior-free mechanism design"},"content":{"rendered":"<div class=\"asset-content\">\n<p>We study auctions for selling a limited supply of a single commodity in the case where the supply is known in advance and the case it is unknown and must be instead allocated in an online fashion. The latter variant was proposed by Mahdian and Saberi as a model of an important phenomena in auctions for selling Internet advertising: advertising impressions must be allocated as they arrive and the total quantity available is unknown in advance. We describe the Bayesian optimal mechanism for these variants and extend the random sampling auction of Goldberg et al to address the prior-free case.<\/p>\n<\/div>\n<p><!-- .asset-content --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We study auctions for selling a limited supply of a single commodity in the case where the supply is known in advance and the case it is unknown and must be instead allocated in an online fashion. The latter variant was proposed by Mahdian and Saberi as a model of an important phenomena in auctions [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"msr-url-field":"","msr-podcast-episode":"","msrModifiedDate":"","msrModifiedDateEnabled":false,"ep_exclude_from_search":false,"_classifai_error":"","msr-author-ordering":null,"msr_publishername":"Association for Computing Machinery, Inc.","msr_publisher_other":"","msr_booktitle":"","msr_chapter":"","msr_edition":"ACM Conference on Electronic Commerce","msr_editors":"","msr_how_published":"","msr_isbn":"","msr_issue":"","msr_journal":"","msr_number":"","msr_organization":"","msr_pages_string":"","msr_page_range_start":"","msr_page_range_end":"","msr_series":"","msr_volume":"","msr_copyright":"Copyright \u00a9 2007 by the Association for Computing Machinery, Inc. Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than ACM must be honored. Abstracting with credit is permitted. To copy otherwise, to republish, to post on servers, or to redistribute to lists, requires prior specific permission and\/or a fee. Request permissions from Publications Dept, ACM Inc., fax +1 (212) 869-0481, or permissions@acm.org. The definitive version of this paper can be found at ACM's Digital Library --http:\/\/www.acm.org\/dl\/.","msr_conference_name":"ACM Conference on Electronic Commerce","msr_doi":"","msr_arxiv_id":"","msr_s2_paper_id":"","msr_mag_id":"","msr_pubmed_id":"","msr_other_authors":"Nikhil R. Devanur, Jason D. 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