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Yang Cai

Researcher at Yale University

Publications -  84
Citations -  2418

Yang Cai is an academic researcher from Yale University. The author has contributed to research in topics: Common value auction & Computer science. The author has an hindex of 23, co-authored 72 publications receiving 2128 citations. Previous affiliations of Yang Cai include McGill University & University of California, Berkeley.

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Optimal Multi-Dimensional Mechanism Design: Reducing Revenue to Welfare Maximization

TL;DR: In this article, a reduction from revenue maximization to welfare maximization in multi-dimensional Bayesian auctions with arbitrary (possibly combinatorial) feasibility constraints and independent bidders with arbitrary demand constraints is presented.
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Optimal Multi-dimensional Mechanism Design: Reducing Revenue to Welfare Maximization

TL;DR: The results are computationally efficient for all multidimensional settings where the bidders are additive, or can be efficiently mapped to be additive, albeit the feasibility and demand constraints may still remain arbitrary combinatorial.
Proceedings ArticleDOI

An algorithmic characterization of multi-dimensional mechanisms

TL;DR: In this article, the authors show that every feasible, Bayesian, multi-item multi-bidder mechanism for independent, additive bidders can be implemented as a mechanism that: (a) allocates every item independently of the other items; (b) for the allocation of each item it uses a strict ordering of all bidder's types; and allocates the item using a distribution over hierarchical mechanisms that iron this ordering into a non-strict ordering.
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An Algorithmic Characterization of Multi-Dimensional Mechanisms

TL;DR: In this paper, a characterization of feasible, Bayesian, multi-item multi-bidder auctions with independent, additive bidders as distributions over hierarchical mechanisms is given, which is enabled by a constructive proof of Border's theorem.
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Understanding Incentives: Mechanism Design Becomes Algorithm Design

TL;DR: This work provides a computationally efficient black-box reduction from mechanism design to algorithm design in very general settings and provides an approximation-preserving reduction from truthfully maximizing any objective under arbitrary feasibility constraints with arbitrary bidder types to (not necessarily truthfully) maximizing the same objective plus virtual welfare.