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Selling Multiple Items via Social Networks

Authors :
Zhao, Dengji
Li, Bin
Xu, Junping
Hao, Dong
Jennings, Nicholas R.
Publication Year :
2019

Abstract

We consider a market where a seller sells multiple units of a commodity in a social network. Each node/buyer in the social network can only directly communicate with her neighbours, i.e. the seller can only sell the commodity to her neighbours if she could not find a way to inform other buyers. In this paper, we design a novel promotion mechanism that incentivizes all buyers, who are aware of the sale, to invite all their neighbours to join the sale, even though there is no guarantee that their efforts will be paid. While traditional sale promotions such as sponsored search auctions cannot guarantee a positive return for the advertiser (the seller), our mechanism guarantees that the seller's revenue is better than not using the advertising. More importantly, the seller does not need to pay if the advertising is not beneficial to her.<br />Comment: Published at AAMAS18, this version updates a typo

Details

Database :
arXiv
Publication Type :
Report
Accession number :
edsarx.1903.02703
Document Type :
Working Paper