How to Bid Effectively in Multi-Unit Multi-Item Combinatorial Auctions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How to Bid Effectively in Multi-Unit Multi-Item Combinatorial Auctions write by Anup K. Sen. This book was released on 2018. How to Bid Effectively in Multi-Unit Multi-Item Combinatorial Auctions available in PDF, EPUB and Kindle. When a bid is placed on a package in a combinatorial auction (CA), the bid value must be large enough to ensure that the package remains in contention for inclusion in winning combinations in future. The Deadness Level (DL) of a package can serve as an ask price on a fresh bid that can be meaningfully placed on it. Package DL values in single-unit CAs are readily determined. In recent years, however, interest in multi-unit CAs has grown rapidly. The number of packages can be very large in this case, and bidders need greater guidance in estimating valuations. But the DL value of a package tends to creep upwards unsteadily as more bids are placed, and no closed form expression or computational method has been found for it as yet. Here we present for the first time an exact method for determining package DLs in the multi-unit case, assuming that an OR bidding language is being used. A dynamic programming implementation is described that enables fast incremental computations of ask prices after each bid. Experimental runs on simulated data and live data from a recent U.K. multi-unit spectrum auction show that the memory requirement is not excessive. Thus the proposed method could help to promote bidder participation in online multi-unit eBay-like CAs in the procurement and sale of commodities.
Principles and Practice of Multi-Agent Systems
Principles and Practice of Multi-Agent Systems - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Principles and Practice of Multi-Agent Systems write by Nirmit Desai. This book was released on 2012-01-09. Principles and Practice of Multi-Agent Systems available in PDF, EPUB and Kindle. This book constitutes the thoroughly refereed post-conference proceedings of the 13th International Conference on Principles and Practice of Multi-Agent Systems, PRIMA 2010, held in Kolkata, India, in November 2010. The 18 full papers presented together with 15 early innovation papers were carefully reviewed and selected from over 63 submissions. They focus on practical aspects of multiagent systems and cover topics such as agent communication, agent cooperation and negotiation, agent reasoning, agent-based simulation, mobile and semantic agents, agent technologies for service computing, agent-based system development, ServAgents workshop, IAHC workshop, and PRACSYS workshop.
Designing Real-Time Feedback for Bidders in Homogeneous-Item Continuous Combinatorial Auctions
Designing Real-Time Feedback for Bidders in Homogeneous-Item Continuous Combinatorial Auctions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Designing Real-Time Feedback for Bidders in Homogeneous-Item Continuous Combinatorial Auctions write by Gediminas Adomavicius. This book was released on 2018. Designing Real-Time Feedback for Bidders in Homogeneous-Item Continuous Combinatorial Auctions available in PDF, EPUB and Kindle. Although combinatorial auctions are important mechanisms for many specialized applications, their adoption in general-purpose marketplaces is still fairly limited, partly due to the inherent difficulty in evaluating the efficacy of bids without the availability of comprehensive bidder support. In this paper, we present both theoretical results and computational designs to support real-time feedback to bidders in continuous combinatorial auctions, where bidders are free to join and leave the auction at any time. In particular, we focus on the broad class of single-item multi-unit (SIMU) combinatorial auctions, where multiple identical units of one homogenous item are being auctioned. We also consider two common ways to express bidding preferences: OR bids and XOR bids. For SIMU auctions with each of the two bid types, we present comprehensive analyses of auction dynamics, which can determine winning bids that satisfy allocative fairness, and compute critical evaluative metrics needed to provide bidder support, including bid winning and deadness levels. We also design the data structures and algorithms needed to provide bidder support in real-time for SIMU auctions of practically relevant sizes. The computational tools proposed in this paper can facilitate the efficient and more transparent implementation of SIMU combinatorial auctions in business- and consumer-oriented markets.
Auction Theory
Auction Theory - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Auction Theory write by Vijay Krishna. This book was released on 2009-09-28. Auction Theory available in PDF, EPUB and Kindle. Auction Theory, Second Edition improves upon his 2002 bestseller with a new chapter on package and position auctions as well as end-of-chapter questions and chapter notes. Complete proofs and new material about collusion complement Krishna’s ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the addition of a solutions manual and other teaching aids, the 2e continues to serve as the doorway to relevant theory for most students doing empirical work on auctions. Focuses on key auction types and serves as the doorway to relevant theory for those doing empirical work on auctions New chapter on combinatorial auctions and new analyses of theory-informed applications New chapter-ending exercises and problems of varying difficulties support and reinforce key points
Combinatorial Auctions
Combinatorial Auctions - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Combinatorial Auctions write by Peter C. Cramton. This book was released on 2006. Combinatorial Auctions available in PDF, EPUB and Kindle. A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
