Specifying Rules for Electronic Auctions

We examine the design space of auction mechanisms and identify three core activities that structure this space. Formal parameters qualifying the performance core activities enables precise specification of auction rules. This specification constitutes an auction description language that can be employed in the implementation of configurable marketplaces. The specification also provides a framework for organizing previous work and identifying new possibilities in auction design.

• Type: Journal
• Year: 2002
• Where: AIM
• Authors: Peter R. Wurman, Michael P. Wellman, William E. Walsh
• Keywords: AIM 2002, AIM 2006, Auction, Auction Description Language, Core Activities