TitleBene?ts of combinatorial auctions with transformability relationships
Publication TypeConference Paper
Year of Publication2006
AuthorsGiovannucci A, Rodríguez-Aguilar JA
Conference NameProceedings of the 17th European Conference on Artificial Intelligence (ECAI 2006)
Pagination717-718
Abstract

In this paper we explore whether an auctioneer/buyer may benefit from introducing his transformability relationships (some goods can be transformed into others at a transformation cost) into multi-unit combinatorial reverse auctions. Thus, we quantitatively assess the potential savings the auctioneer/buyer may obtain with respect to combinatorial reverse auctions that do not consider tranformability relationships. Furthermore, we empirically identify the market conditions under which it is worth for the auctioneer/ buyer to exploit transformability relationships.