UNLIMITED PDF ✓ Combinatorial Auctions - by Peter Cramton Richard Steinberg #2020


  • Title: Combinatorial Auctions
  • Author: Peter Cramton Richard Steinberg
  • ISBN: 9780262033428
  • Page: 449
  • Format: Hardcover

  • Combinatorial Auctions By Peter Cramton Richard Steinberg 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 surveWith 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 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.
    Peter Cramton Richard Steinberg
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    Combinatorial Auctions By Peter Cramton Richard Steinberg

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    • UNLIMITED PDF ✓ Combinatorial Auctions - by Peter Cramton Richard Steinberg
      449 Peter Cramton Richard Steinberg
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      Posted by:Peter Cramton Richard Steinberg
      Published :2020-05-02T07:56:46+00:00