We study the recognized open problem of designing revenuemaximizing combinatorial auctions. It is unsolved even for two bidders and two items for sale. Rather than pursuing the pu...
Iterative Combinatorial Auctions (ICA) have been getting increasing attention both from researchers and in practice as they can increase efficiency of complex markets with substi...
This paper analyzes the entrants to the 2007 TAC Market Design competition. It presents a classification of the entries to the competition, and uses this classification to compare...
Jinzhong Niu, Kai Cai, Simon Parsons, Enrico Gerdi...
In this paper we describe an analysis of two double auction markets— the clearing house auction and the continuous double auction. The complexity of these institutions is such th...
re more abstract than necessary. They depend on assumptions that are highly unlikely to occur in practical situations, which are often less formal and rigid. Nonetheless, we discus...