Inference Auctions
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Abstract (arXiv)
When inference demand exceeds available compute capacity, model providers must decide which requests should be served first. Users have different tolerances for delay from an LLM API, but current priority pricing schemes compress these differences into coarse fixed-price service tiers. We design an inference auction that allows users to bid for faster service. Our auction allocates priority in an economically efficient way without sacrificing latency, and we develop fast algorithms for implementing prices that incentivize truthful bidding. We also design an autobidding agent for our inference auction, where users specify an inference budget and the autobidder dynamically adjusts its bids over time to maximize user utility subject to the budget constraint. Experiments validate the practicality of our auction: it increases system welfare while maintaining the cache utilization and latency advantages of SGLang, a state-of-the-art inference serving framework.
Key facts. No citing papers in the map yet (data through 7 Oct 2026). Builds on 29 of its 50 references that are in the map. First posted on arXiv 30 Sep 2026.
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29 of 50 references.
References · 29
- 2021Training Verifiers to Solve Math Word Problemscited by 9,743
- 2023Efficient Memory Management for Large Language Model Serving with PagedAttentioncited by 5,767
- 2024Qwen2.5 Technical Reportcited by 4,713
- 2016SQuAD: 100,000+ Questions for Machine Comprehension of Textcited by 4,115
- 2023Tree of Thoughts: Deliberate Problem Solving with Large Language Modelscited by 3,155
- 2024SWE-agent: Agent-Computer Interfaces Enable Automated Software Engineeringcited by 1,628
- 2023SGLang: Efficient Execution of Structured Language Model Programscited by 1,107
- 2024Llumnix: Dynamic Scheduling for Large Language Model Servingcited by 167
- 2023Fairness in Serving Large Language Modelscited by 77
- 2024Preble: Efficient Distributed Prompt Scheduling for LLM Servingcited by 68
- 2020Dual Mirror Descent for Online Allocation Problemscited by 51
- 2024BatchLLM: Optimizing Large Batched LLM Inference with Global Prefix Sharing and Throughput-oriented Token Batchingcited by 31
17 more
- 2024Auto-bidding and Auctions in Online Advertising: A Surveycited by 26
- 2024Auctions with LLM Summariescited by 24
- 2021Robust Auction Design in the Auto-bidding Worldcited by 21
- 2023Autobidders with Budget and ROI Constraints: Efficiency, Regret, and Pacing Dynamicscited by 20
- 2021Towards Efficient Auctions in an Auto-bidding Worldcited by 19
- 2022Budget Pacing in Repeated Auctions: Regret and Efficiency without Convergencecited by 18
- 2024Ad Auctions for LLMs via Retrieval Augmented Generationcited by 17
- 2025Locality-aware Fair Scheduling in LLM Servingcited by 15
- 2025LLM Query Scheduling with Prefix Reuse and Latency Constraintscited by 8
- 2023Bicriteria Multidimensional Mechanism Design with Side Informationcited by 4
- 2024Complex Dynamics in Autobidding Systemscited by 3
- 2025Weakest Bidder Types and New Core-Selecting Combinatorial Auctionscited by 3
- 2025Pricing Online LLM Services with Data-Calibrated Stackelberg Routing Gamecited by 2
- 2026Test-Time Compute Gamescited by 2
- 2026IEMAS: An Incentive-Efficiency Routing Framework for Open Agentic Web Ecosystemscited by 1
- 2026In-Context Credit Assignment via the Corecited by 1
- 2026Error-Aware Reverse Auction Mechanism for Large Language Model Routingcited by 1
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