An Auction for Scheduling Delivery of Highly Demanded Products

We present a simple auction protocol for the sale of overdemanded goods with a delivery schedule. Under some reasonable assumptions, our mechanism is incentive compatible, collects only partial information about bidder’s valuations, and empirical evidence suggests it converges to the efficient allocation.

• Type: Conference
• Year: 2005
• Where: WECWIS
• Authors: Sameer Korrapati, Peter R. Wurman
• Keywords: Bidder’s Valuations, Business, Reasonable Assumptions, Simple Auction Protocol, WECWIS 2005