ARC/ACO Alumni Colloquium
Nikhil Devanur (Amazon)
Monday, September 30, 2019
Klaus 1116 East- 11:00 am
Title: Lagrangian Duality in Mechanism Design
Abstract: This talk surveys the usage of Lagrangian Duality in the design and analysis of auctions. Designing optimal (revenue maximizing) auctions in multi-parameter settings has been among the most active areas in algorithmic mechanism design in the last few years. We have discovered that Lagrangian duality is a very useful and versatile tool for this purpose. It has been used to do all of the following.
1. Derive that the optimal auction is a virtual welfare maximizer.
2. Obtain a fast algorithm for approximating the optimal auction.
3. Show how simple auctions are approximately optimal.
4. Characterize optimal auctions for structured environments.
5. Get bounds on the menu-size complexity of optimal auctions.
I will survey these applications and dive deeper into a subset of these.
Videos of recent talks are available at: https://smartech.gatech.edu/handle/1853/46836