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Algorithm for Optimal Winner Determination in Combinatorial Auctions Export

In Artificial Intelligence, Vol. 135 (2001), pp. 542-547.

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algorithm combinatorial-auction

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Combinatorial auctions, that is, auctions where bidders can bid on combinations of items, tend to lead to more efficient allocations than traditional auction mechanisms in multi-item auctions where the agents' valuations of the items are not additive. However, determining the winners so as to maximize revenue is AfP-complete. First, we analyze existing approaches for tackling this problem: exhaustive enumeration, dynamic programming, and restricting the allowable combinations.


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