Our new X account is live! Follow @wizwand_team for updates
WorkDL logo mark

A Scalable Neural Network for DSIC Affine Maximizer Auction Design

About

Automated auction design aims to find empirically high-revenue mechanisms through machine learning. Existing works on multi item auction scenarios can be roughly divided into RegretNet-like and affine maximizer auctions (AMAs) approaches. However, the former cannot strictly ensure dominant strategy incentive compatibility (DSIC), while the latter faces scalability issue due to the large number of allocation candidates. To address these limitations, we propose AMenuNet, a scalable neural network that constructs the AMA parameters (even including the allocation menu) from bidder and item representations. AMenuNet is always DSIC and individually rational (IR) due to the properties of AMAs, and it enhances scalability by generating candidate allocations through a neural network. Additionally, AMenuNet is permutation equivariant, and its number of parameters is independent of auction scale. We conduct extensive experiments to demonstrate that AMenuNet outperforms strong baselines in both contextual and non-contextual multi-item auctions, scales well to larger auctions, generalizes well to different settings, and identifies useful deterministic allocations. Overall, our proposed approach offers an effective solution to automated DSIC auction design, with improved scalability and strong revenue performance in various settings.

Zhijian Duan, Haoran Sun, Yurong Chen, Xiaotie Deng• 2023

Related benchmarks

TaskDatasetResultRank
Optimal Auction Design3x10 auction setting
Revenue5.5896
15
Optimal Auction Design2x5 auction setting
Revenue2.2768
15
Auction Revenue MaximizationClassic auction Setting (F) 1x2
Average Revenue17.01
7
Auction Revenue MaximizationClassic auction Setting (D) 3x1
Average Revenue2.7382
7
Auction Revenue MaximizationClassic auction Setting (E) 1x2
Avg Revenue9.6219
7
Auction Revenue MaximizationClassic auction Setting (C) 5x5
Avg Revenue3.3916
6
Contextual AuctionSetting (A) 3x2
Average Revenue56.01
4
Contextual AuctionSetting (A) 2x2 1.0 (test)
Average Revenue0.4398
4
Contextual AuctionSetting (A) 2x5
Average Revenue1.1539
4
Contextual AuctionSetting (A) 2x10
Average Revenue2.3935
4
Showing 10 of 16 rows

Other info

Code

Follow for update