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- W2498498621 abstract "This chapter discusses a variety of ways that can be helpful in overcoming, reducing, or avoiding computational problems in combinatorial auctions (CA). It begins with an analysis and discussion of the computational difficulties in CA design and looks at opportunities for overcoming these problems at four points in the auction process that include before the submission of bid, at the time of bid submission, and after bid submission. The chapter further looks at how the obstacle of the winner determination problem and other computationally intractable issues in CA are overcome by allowing biddable combinations. It describes how good efficiency and fairness can be achieved in large and complicated CA by providing a chance to bidders to challenge and improve upon a proposed allocation before it is made final. The chapter also discusses the context of auction design, and properties that have to be taken into account by the auction designers before choosing the auction format and procedures." @default.
- W2498498621 created "2016-08-23" @default.
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- W2498498621 date "2005-12-09" @default.
- W2498498621 modified "2023-09-24" @default.
- W2498498621 title "Noncomputational Approaches to Mitigating Computational Problems in Combinatorial Auctions" @default.
- W2498498621 doi "https://doi.org/10.7551/mitpress/9780262033428.003.0017" @default.
- W2498498621 hasPublicationYear "2005" @default.
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