In classic auction theory, reserve prices are known to be effective for improving revenue for
the auctioneer against quasi-linear utility maximizing bidders. The introduction of reserve …

We combine theory and empirics to (i) show that some buyers in online advertising markets
are financially constrained and (ii) demonstrate how to design auctions that take into …

In this survey, we summarize recent developments in research fueled by the growing
adoption of automated bidding strategies in online advertising. We explore the challenges …

We study autobidding ad auctions with user costs, where each bidder is value-maximizing
subject to a return-over-investment (ROI) constraint, and the seller aims to maximize the …

We study the design of revenue-maximizing mechanisms for value-maximizing agents with
budget constraints. Agents have return-on-spend constraints requiring a minimum amount of …

A central issue in applying auction theory in practice is the problem of dealing with budget-
constrained agents. A desirable goal in practice is to design incentive compatible …

Mobile crowdsensing has become increasingly popular due to its ability to collect a massive
amount of data with the help of many individual smartphone users. A crowdsensing platform …

We study procurement games where each seller supplies multiple units of his item, with a
cost per unit known only to him. The buyer can purchase any number of units from each …

In this paper, we present a new model and mechanisms for auctions in two-sided markets of
buyers and sellers, where budget constraints are imposed on buyers. Our model …

The theoretical foundation for budget-constrained auctions is an unavoidable step toward
further social implementation of auction theory. A representative example of such auctions is …