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Design issues for combinatorial auctions

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Quarterly Journal of the Belgian, French and Italian Operations Research Societies Aims and scope Submit manuscript

Abstract.

Combinatorial auctions are an important class of market mechanisms in which participants are allowed to bid on bundles of multiple heterogeneous items. In this paper, we discuss several complex issues that are encountered in the design of combinatorial auctions. These issues are related to the formulation of the winner determination problem, the expression of combined bids, the design of progressive combinatorial auctions that require less information revelation, and the need for decision support tools to help participants make profitable bidding decisions. For each issue, we survey the existing literature and propose avenues for further research.

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Authors and Affiliations

  1. Département d’informatique et de recherche opérationnelle, Université de Montréal, C.P. 6128, succursale Centre-ville, H3C 3J7, Montréal, Canada

    Jawad Abrache & Michel Gendreau

  2. Département management et technologie, Université du Québec á Montréal, CP 6192, succursale Centre-ville, H3C 4R2, Montréal, Canada

    Teodor Gabriel Crainic

  3. Centre de recherche sur les transports, Université de Montréal, C.P. 6128, succursale Centre-ville, H3C 3J7, Montréal, Canada

    Jawad Abrache, Teodor Gabriel Crainic & Michel Gendreau

Authors
  1. Jawad Abrache
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  2. Teodor Gabriel Crainic
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  3. Michel Gendreau
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Corresponding author

Correspondence to Jawad Abrache.

Additional information

Received: April 2003, Revised: July 2003,

AMS classification:

91B26, 90BXX, 90C27

All correspondence to:Jawad Abrache

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Abrache, J., Crainic, T.G. & Gendreau, M. Design issues for combinatorial auctions. 4OR 2, 1–33 (2004). https://doi.org/10.1007/s10288-004-0033-y

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  • DOI: https://doi.org/10.1007/s10288-004-0033-y

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