Algorithm for optimal winner determination in combinatorial auctions

@article{Sandholm2002AlgorithmFO,
  title={Algorithm for optimal winner determination in combinatorial auctions},
  author={T. Sandholm},
  journal={Artif. Intell.},
  year={2002},
  volume={135},
  pages={1-54}
}
  • T. Sandholm
  • Published 2002
  • Computer Science
  • Artif. Intell.
  • 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 NP-complete. First, we analyze existing approaches for tackling this problem: exhaustive enumeration, dynamic programming, and restricting the allowable combinations. Second, we study… CONTINUE READING
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