Source
Clarifications: Competitive Auctions and Digital Goods
Logarithmic domains
Finite logarithmic bounds: use
for Theorems 4.1 and 7.1–7.2, and at least two bidders for Corollary
4.2, where
is the largest normalized bid. The denominators vanish at
or bidder count
.
For
,
the logarithm is defined but the dyadic proof’s finite constant needs
adjustment. The checked bounds give the source asymptotics; they do not
assert the same finite coefficient throughout that smaller range.
Lemma 8.1 and Theorem 8.2
Journal monotonicity condition: for bids
and prices
,
bidder
’s
probability of winning at a price at most
is no greater than bidder
’s.
This cross-bidder condition gives Lemma 8.1’s allocation ordering and
Theorem 8.2’s bound
,
where
is optimal fixed-price revenue. The preliminary paper infers the
condition from truthfulness; the journal version, Definition 8.1 and
Theorem 8.2, states it separately. Truthfulness by itself does not
imply that comparison.
Inverse-CDF notation: use the lower generalized
inverse
in the journal’s common-uniform coupling. Its printed equality-level-set
formula can be undefined at a CDF jump. The lower inverse has the
required marginals and preserves the CDF ordering, so the
expected-revenue argument applies to arbitrary real offer laws.
Randomization and bounded
supply
Randomization model: the concrete mechanisms have
finite outcome distributions, represented within a general model
allowing countable distributions. Theorem 8.2 separately covers
arbitrary real offer distributions. Accepted nonnegative offers are
bounded by the bids, so their expected revenue is defined without an
additional moment condition.
Excess demand: when more bidders accept the price
than there are items, serve them in a fixed priority order chosen
independently of bids. This specifies one of the source’s permitted
rejection rules; it does not claim truthfulness for every possible rule
that reacts to the bid amounts.
Theorem 6.2 count parameter: take
to be a natural-number lower bound on the winner count, the role it
plays in the source proof. The formalization proves the displayed
probability bound for uniform exact half-sampling. A separate
real-
calculation uses independent coin flips and is not an equivalence
between the two sampling schemes.
Theorems 9.1 and 9.3 impossibility examples: for
every integer
and real
,
bids at
and
give
and
.
As
grows, the revenue fraction tends to zero even with a large benchmark.
Integer examples therefore prove the paper’s
no-constant-competitive-ratio conclusion. Theorem 9.1 treats
deterministic bid-independent auctions; Lemma 9.2 extends it to the
truthful deterministic set-of-bids model in Theorem 9.3. The
construction does not parameterize every real
.
Half-sizes and parity: interpret
and
as floor division for odd bidder counts or capacities. Truthfulness and
total supply feasibility hold for all natural inputs; even inputs give
exact halves. The bounded dual-price revenue guarantee remains
conditional on its sampling good-event bounds, so this convention does
not by itself prove an odd-input rate.