{"paper":{"title":"Asymptotically Efficient Multi-Unit Auctions via Posted Prices","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","headline":"","cross_cats":[],"primary_cat":"cs.GT","authors_text":"Ron Lavi, Urban Larsson","submitted_at":"2018-12-14T11:52:47Z","abstract_excerpt":"We study the asymptotic average-case efficiency of static and anonymous posted prices for $n$ agents and $m(n)$ multiple identical items with $m(n)=o\\left(\\frac{n}{\\log n}\\right)$.\n  When valuations are drawn i.i.d from some fixed continuous distribution (each valuation is a vector in $\\Re_+^m$ and independence is assumed only across agents) we show: (a) for any \"upper mass\" distribution there exist posted prices such that the expected revenue and welfare of the auction approaches the optimal expected welfare as $n$ goes to infinity; specifically, the ratio between the expected revenue of our "},"claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1812.05870","kind":"arxiv","version":2},"verdict":{"id":null,"model_set":{},"created_at":null,"strongest_claim":"","one_line_summary":"","pipeline_version":null,"weakest_assumption":"","pith_extraction_headline":""},"references":{"count":0,"sample":[],"resolved_work":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","internal_anchors":0},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"author_claims":{"count":0,"strong_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"builder_version":"pith-number-builder-2026-05-17-v1"}