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Combinatorial auctions using rule-based bids
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AI
DOI：10.1016/S0167-9236(02)00004-0.png)
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Abstract
En 中文
The migration of auctions to the Internet provides a unique opportunity to harness the power of computing to create new auction forms that were previously impossible. We describe a new type of combinatorial auction that accepts rule-based bids. Allowing bids in the form of high-level rules relieves the buyer from the burden of enumerating all possible acceptable bundles. The allocation of goods requires solving a complex combinatorial problem, a task that is completely impractical in a conventional auction setting. We describe simplifying winner determination heuristics developed in this study to make large problems of this nature manageable. (C) 2002 Elsevier Science B.V. All rights reserved.
Keywords:
combinatorial auction
heuristics
constraint satisfaction
integer programming
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6.8
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3.8K
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1.5W
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