@inproceedings{b699ef16c1f6404f9ef125c7d21e54e0,
title = "Fragility and robust design of optimal auctions",
abstract = "We consider the fragility problem of optimal auctions under a general class of preference relations and type spaces. We show that in generic settings feasibility of optimal auctions relies on the principals exact knowledge of the preference relations of the bidders. In the absence of such exact knowledge, a self-interested bidder will find it profitable to either misreport her private information or not participate at the auction. This phenomenon is a manifestation of fragility. Given this limitation we design auctions that are robust to model misspecification by leveraging tools from robust optimization, while maintaining computational tractability.",
author = "Georgios Kotsalis and Shamma, {Jeff S.}",
year = "2013",
doi = "10.1109/Allerton.2013.6736531",
language = "English (US)",
isbn = "9781479934096",
series = "2013 51st Annual Allerton Conference on Communication, Control, and Computing, Allerton 2013",
publisher = "IEEE Computer Society",
pages = "248--253",
booktitle = "2013 51st Annual Allerton Conference on Communication, Control, and Computing, Allerton 2013",
address = "United States",
note = "51st Annual Allerton Conference on Communication, Control, and Computing, Allerton 2013 ; Conference date: 02-10-2013 Through 04-10-2013",
}