Edited by Peter Cramton, Yoav Shoham, and Richard Steinberg This book is a collection of essays on combinatorial auctions—allocation problems in. The study of combinatorial auctions — auctions in which bidders can bid on combinations of items or Peter C. Cramton, Yoav Shoham, Richard Steinberg. View colleagues of Peter Cramton . Michela Milano, Alessio Guerri, Bid evaluation in combinatorial auctions: optimization and learning, Software— Practice.
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This book integrates these three perspectives, offering a survey of developments in combinatorial auction theory and practice. Combinatorial auctions CAsby allowing bidders to express their preferences more fully, can lead to improved economic efficiency and greater auction revenues. However, challenges arise in both design and implementation.
This book addresses each of these challenges. After describing and analyzing various CA mechanisms, it addresses bidding languages and questions of efficiency.
“Combinatorial Auctions” by Peter Cramton
Possible strategies for solving the computationally intractable problem of how to compute the objective-maximizing allocation known as the winner determination problem are considered, as are questions of how to test alternative algorithms. The book discusses five important applications of CAs: Don’t have an account?
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Combinatorial Auctions – Google Books
Ausubel, Peter Cramton, and Paul Milgrom. II Bidding and Efficiency. IV Testing and Implementation.