Combinatorial Auctions - Hardcover

Hardcover

ISBN 10: 0262033429 ISBN 13: 9780262033428

Verlag: MIT Press, 2005

Inhaltsangabe

With a foreword by Vernon L. Smith, recipient of the 2002 Nobel Prize in Economics. 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.

Über diesen Titel

Über die Autorinnen und Autoren

Peter Cramton is Professor of Economics at the University of Maryland.

Yoav Shoham is Professor of Computer Science at Stanford University.

Richard Steinberg is Chair in Operations Research, London School of Economics.

Details zur Ausgabe

• Verlag: MIT Press
• Erscheinungsdatum: 2005
• Sprache: Englisch
• ISBN 10: 0262033429
• ISBN 13: 9780262033428
• Einband: Tapa dura
• Anzahl der Seiten: 672
• Herausgeber: Cramton Peter, Shoham Yoav, Steinberg Richard
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar