Published Online: 14 JAN 2011
Copyright © 2010 John Wiley & Sons, Inc. All rights reserved.
Wiley Encyclopedia of Operations Research and Management Science
How to Cite
Porter, D. and Rassenti, S. 2011. Combinatorial Auctions. Wiley Encyclopedia of Operations Research and Management Science.
- Published Online: 14 JAN 2011
There are many issues that must be faced when designing an auction which involves multiple resources that must be simultaneously allocated when information concerning values for the various possible combined uses and constraints faced by the potential users is decentralized. This article examines various auction formats used to allocate resources in these combinatorial settings. While there is some consensus on the use of iterative combinatorial clock auctions for these types of allocation problems, many specific implementation issues are still open questions.
- auction design;
- decentralized processes;
- clock auctions