Aggregating Strategy for Online Auctions

  • Shigeaki Harada
  • Eiji Takimoto
  • Akira Maruoka
Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 4112)


We consider the online auction problem in which an auctioneer is selling an identical item each time when a new bidder arrives. It is known that results from online prediction can be applied and achieve a constant competitive ratio with respect to the best fixed price profit. These algorithms work on a predetermined set of price levels. We take into account the property that the rewards for the price levels are not independent and cast the problem as a more refined model of online prediction. We then use Vovk’s Aggregating Strategy to derive a new algorithm. We give a general form of competitive ratio in terms of the price levels. The optimality of the Aggregating Strategy gives an evidence that our algorithm performs at least as well as the previously proposed ones.


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Copyright information

© Springer-Verlag Berlin Heidelberg 2006

Authors and Affiliations

  • Shigeaki Harada
    • 1
  • Eiji Takimoto
    • 2
  • Akira Maruoka
    • 2
  1. 1.NTT Service Integration Laboratories 
  2. 2.Graduate School of Information SciencesTohoku UniversitySendaiJapan

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