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Combinatorial Auctions (MIT Press) by Peter Cramton, Yoav Shoham, and Richard Steinberg is a nonfiction available to read on EtoBox.

What is Combinatorial Auctions (MIT Press) about?

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 survey of developments in combinatorial auction theory and practice by leaders in the field. Combinatorial auctions (CAs), by allowing bidders to express their preferences more 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 an

Who reads Combinatorial Auctions (MIT Press)?

Author

Peter Cramton, Yoav Shoham, and Richard Steinberg

Publisher

The MIT Press

Published

2005

Language

EN

ISBN

9780262514132

Category

nonfiction

Subjects

Business