A Multi Dimensional Online Contention Resolution Scheme

Explore a multi-dimensional online contention resolution scheme that achieves logarithmic approximation in multi-buyer revenue maximization through strategic item pricing.

Key takeaways
  • Multi-buyer revenue maximization with item pricing can achieve logarithmic approximation compared to optimal ex-ante mechanisms

  • For subadditive valuations, there exists a logarithmic factor gap between sequential item pricing and ex-ante item pricing revenue

  • Key technical innovation is development of a new Online Contention Resolution Scheme (OCRS) that handles revenue objectives

  • Ex-ante relaxation allows allocating items with certain probabilities while satisfying supply constraints in expectation rather than strictly

  • For gross substitutes valuations, single pricing achieves constant factor approximation while XOS valuations require logarithmic factors

  • Non-availability of items can significantly shift buyer preferences and complicate revenue extraction

  • Algorithm works by factoring multi-buyer problems into single buyer components while maintaining allocation probabilities

  • Supply constraints are handled by proactively removing items to prevent over-allocation

  • Important assumption is independence of value distributions across buyers (but correlation across items for same buyer is allowed)

  • Open questions remain around tightness of bounds, handling correlated values between buyers, and improving approximation factors for special cases like submodular valuations