Vidal's libraryTitle: | Minimal preference elicitation in combinatorial auctions |
Author: | Wolfram Conen and Tuomas Sandholm |
Book Tittle: | Proceedings of the International Joint Conference of Artificial Intelligence Workshop on Economic Agents, Models, and Mechanisms |
Year: | 2001 |
Abstract: | Combinatorial auctions (CAs) where bidders can bid on bundles of items can be very desirable market mechanisms when the items sold exhibit complementarity and/or substitutability, so the bidder’s valuations for bundles are not additive. However, in a basic CA, the bidders may need to bid on exponentially many bundles, leading to difficulties in determining those valuations, undesirable information revelation, and unnecessary communication. In this paper we present a design of an auctioneer agent that uses topological structure inherent in the problem to reduce the amount of information that it needs from the bidders. An analysis tool is presented as well as data structures for storing and optimally assimilating the information received from the bidders. Using this information, the agent then narrows down the set of desirable (welfare maximizing or Pareto efficient) allocations, and decides which questions to ask next. Several algorithms are presented that ask the bidders for value, order, and rank information. |
@InProceedings{conen01b,
author = {Wolfram Conen and Tuomas Sandholm},
title = {Minimal preference elicitation in combinatorial
auctions},
booktitle = {Proceedings of the International Joint Conference of
Artificial Intelligence Workshop on Economic Agents,
Models, and Mechanisms},
year = 2001,
abstract = {Combinatorial auctions (CAs) where bidders can bid
on bundles of items can be very desirable market
mechanisms when the items sold exhibit
complementarity and/or substitutability, so the
bidder’s valuations for bundles are not
additive. However, in a basic CA, the bidders may
need to bid on exponentially many bundles, leading
to difficulties in determining those valuations,
undesirable information revelation, and unnecessary
communication. In this paper we present a design of
an auctioneer agent that uses topological structure
inherent in the problem to reduce the amount of
information that it needs from the bidders. An
analysis tool is presented as well as data
structures for storing and optimally assimilating
the information received from the bidders. Using
this information, the agent then narrows down the
set of desirable (welfare maximizing or Pareto
efficient) allocations, and decides which questions
to ask next. Several algorithms are presented that
ask the bidders for value, order, and rank
information.},
keywords = {auctions},
url = {http://jmvidal.cse.sc.edu/library/conen01b.pdf}
}
Last modified: Wed Mar 9 10:15:16 EST 2011