Robust Combinatorial Auction Formats: Negotiation Formats for Complex Markets with Multiple Heterogeneous Items,Used

Robust Combinatorial Auction Formats: Negotiation Formats for Complex Markets with Multiple Heterogeneous Items,Used

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SKU: DADAX3838115961
Brand: Sudwestdeutscher Verlag Fur Hochschulschriften AG
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In a combinatorial auction (CA) several heterogeneous items are traded simultaneously, they can be distributed between several winners, and the bidders can submit indivisible allornothing ?bundle? bids on groups of items. CAs are getting increasingly popular for conducting negotiations on complex highstakes markets, for example spectrum auctions and industrial procurement. The goal of this work is to suggest a practical and robust combinatorial auction format which delivers good results for various types of bidder valuations and strategies, including cases when the bidders do not follow the theoretically optimal strategy.

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