A Context-Integrated Transformer-Based Neural Network for Auction Design

Zhijian Duan · Jingwu Tang · Yutong Yin · Zhe Feng · Xiang Yan · Manzil Zaheer · Xiaotie Deng

Hall G
[ Abstract ] [ Livestream: Visit Applications ]
Thu 21 Jul 10:30 a.m. — 10:35 a.m. PDT
[ Slides [ Paper PDF

One of the central problems in auction design is developing an incentive-compatible mechanism that maximizes the auctioneer's expected revenue. While theoretical approaches have encountered bottlenecks in multi-item auctions, recently, there has been much progress on finding the optimal mechanism through deep learning. However, these works either focus on a fixed set of bidders and items, or restrict the auction to be symmetric. In this work, we overcome such limitations by factoring \emph{public} contextual information of bidders and items into the auction learning framework. We propose $\mathtt{CITransNet}$, a context-integrated transformer-based neural network for optimal auction design, which maintains permutation-equivariance over bids and contexts while being able to find asymmetric solutions. We show by extensive experiments that $\mathtt{CITransNet}$ can recover the known optimal solutions in single-item settings, outperform strong baselines in multi-item auctions, and generalize well to cases other than those in training.

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