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Motivated by the increasing use of auctions by government agencies, we consider the problem of fairly pricing public goods in a combinatorial auction. A well-known problem with the incentive-compatible Vickrey-Clarke-Groves (VCG) auction mechanism is that the resulting prices may not be in the core. Loosely speaking, this means the payments of the winners(More)
We report on the use of a quadratic programming technique in recent and upcoming spectrum auctions in Europe. Specifically , we compute a unique point in the core that minimizes the sum of squared deviations from a reference point, for example, from the Vickrey-Clarke-Groves payments. Analyzing the Karush-Kuhn-Tucker conditions, we demonstrate that the(More)
This paper presents a method for discovering and detecting shill bids in combinatorial auctions. The Vickrey-Clarke-Groves Mechanism is one of the most important combinatorial auctions because it can satisfy the strategy-proof property, individual rationality, and Pareto efficiency, that is, it is the only mechanism that simultaneously satisfies these(More)
Combinatorial auctions are currently becoming a common practice in industrial procurement, allowing bidders (sellers of goods and services in the procurement setting) to avoid the risk of selling good or service bundles that are incomplete, inefficient, or excessively expensive to deliver. Two major concerns in combinatorial auction design are the(More)
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