The study of combinatorial auctions -- auctions in which bidders can bid on combinations of items or "packages" -- draws on the disciplines of economics, operations research, and computer science. This landmark collection integrates these three perspectives, offering a state-of-the art survey of developments in combinatorial auction theory and practice by leaders in the field.Combinatorial auctions (CAs), by 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. Combinatorial Auctions addresses each of these challenges. After describing and analyzing various CA mechanisms, the book addresses bidding languages and questions of efficiency. 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: spectrum auctions, airport takeoff and landing slots, procurement of freight transportation services, the London bus routes market, and industrial procurement. This unique collection makes recent work in CAs available to a broad audience of researchers and practitioners. The integration of work from the three disciplines underlying CAs, using a common language throughout, serves to advance the field in theory and practice.
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"Anyone with an interest in auction theory, market design, and more broadly, practical applications of game theory, will find this book extremelyvaluable both as a reference to the existing work on combinatorial auctions and as a source of topics and ideas for new research." Journal of Economic Literature "This book is indispensable for all researchers and practitioners that want to get introduced to the world of combinatorial auctions." Operations Research Letters
Synopsis
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science. The study of combinatorial auctions - auctions in which bidders can bid on combinations of items or packages - draws on the disciplines of economics, operations research, and computer science. This landmark collection integrates these three perspectives, offering a state-of-the art survey of developments in combinatorial auction theory and practice by leaders in the field. Combinatorial auctions (CAs), by 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. Combinatorial Auctions addresses each of these challenges. After describing and analysing various CA mechanisms, the book addresses bidding languages and questions of efficiency. Possible strategies for solving the computationally intractable problem of how to compute the objective-maximising 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: spectrum auctions, airport takeoff and landing slots, procurement of freight transportation services, the London bus routes market, and industrial procurement. This unique collection makes recent work in CAs available to a broad audience of researchers and practitioners. The integration of work from the three disciplines underlying CAs, using a common language throughout, serves to advance the field in theory and practice.
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Einleitungssatz
Combinatorial auctions are those auctions in which bidders can place bids on combinations of items, called "packages," rather than just individual items. Lesen Sie die erste Seite
Buchdeckel | Copyright | Inhaltsverzeichnis | Auszug | Stichwortverzeichnis | Rückseite
Combinatorial auctions are those auctions in which bidders can place bids on combinations of items, called "packages," rather than just individual items. Lesen Sie die erste Seite
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Comprehensive and Understandable
15. Februar 2006
Von Jose M. Vidal
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Format:Gebundene Ausgabe
This book is aimed at researchers in Economics and multiagent systems who want to know about the latest research in combinatorial auctions---a field which has seen a lot of advances in the last decade. I found the book to be very accessible. Many of the chapters present summaries of recent work, bringing together in one place theorems and algorithms that have been published in different conferences. These summaries are a great way to learn all there is to know about combinatorial auctions without having to wade thru complex proofs or hard to read presentations.
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A very good reference on a very niche subject.
19. März 2013
Von Hakan Bayindir
- Veröffentlicht auf Amazon.com
Format:Gebundene Ausgabe|Von Amazon bestätigter Kauf
I've made my Master's degree on a system that conducts reverse combinatorial auctions. I've used this book extensively to understand the subject matter and its important points. This is a very well written and complete book & I can recommend anyone who needs information on this special subject.
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