TitleAuctioning substitutable goods
Publication TypeConference Paper
Year of Publication2005
AuthorsGiovannucci A, Rodríguez-Aguilar JA, Cerquides J
EditorLópez B., Meléndez J., Radeva P., Vitrià J.
Conference NameFrontiers in Artificial intelligence and Applications.
Volume131
PublisherIOS Press
Pagination381 - 388
Abstract

In this paper we extend the notion of multi-unit combinatorial reverse auction by adding a new dimension to the goods at auction. In such a new type of combinatorial auction a buyer can express substitutability relationships among goods:some goods can be substituted with others at a substitution cost. Substitutability relationships allow a buyer to introduce his uncertainty as to whether it is more convenient to buy some goods or others.