Vidal's libraryTitle: | A Combinatorial Auction with Multiple Winners for Universal Service |
Author: | Frank Kelly and Richard Stenberg |
Journal: | Management Science |
Volume: | 46 |
Number: | 4 |
Pages: | 586--596 |
Year: | 2000 |
Abstract: | We describe a discrete-time auction procedure called PAUSE (Progressive Adaptive User Selection Environment) for use in assigning COLR (Carrier of Last Resort) responsibility for universal service. The auction incorporates synergies by permitting all combinatorial bids, is transparent to the bidders, allows for multiple winners, and minimizes the possibility of bidder collusion. The procedure is computationally tractable for the auctioneer and thus very efficient to run. The inherent computational complexity of combinatorial bidding cannot be eliminated. However, in this auction the computational burden of evaluating synergies rests with the bidders claiming those synergies, while the auctioneer simply checks that a bid is valid. |
Cited by 68 - Google Scholar
@Article{kelly00a,
author = {Frank Kelly and Richard Stenberg},
title = {A Combinatorial Auction with Multiple Winners for
Universal Service},
journal = {Management Science},
year = 2000,
number = 4,
volume = 46,
abstract = {We describe a discrete-time auction procedure called
PAUSE (Progressive Adaptive User Selection
Environment) for use in assigning COLR (Carrier of
Last Resort) responsibility for universal
service. The auction incorporates synergies by
permitting all combinatorial bids, is transparent to
the bidders, allows for multiple winners, and
minimizes the possibility of bidder collusion. The
procedure is computationally tractable for the
auctioneer and thus very efficient to run. The
inherent computational complexity of combinatorial
bidding cannot be eliminated. However, in this
auction the computational burden of evaluating
synergies rests with the bidders claiming those
synergies, while the auctioneer simply checks that a
bid is valid.},
keywords = {economics combinatorial auctions},
pages = {586--596},
googleid = {QaGTWUVx9OoJ:scholar.google.com/},
url = {http://jmvidal.cse.sc.edu/library/kelly00a.pdf},
cluster = {16930281441862066497}
}
Last modified: Wed Mar 9 10:14:58 EST 2011