A uniform randomized bidding strategy guarantees each agent a 2 minus sqrt(2), about 0.59, fraction of ideal utility robustly in repeated first-price auctions with artificial currencies, breaking the previous 1/2 barrier.
Incentive compatible two-tiered resource allocation without money
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Online Resource Sharing: Better Robust Guarantees via Randomized Strategies
A uniform randomized bidding strategy guarantees each agent a 2 minus sqrt(2), about 0.59, fraction of ideal utility robustly in repeated first-price auctions with artificial currencies, breaking the previous 1/2 barrier.