An algorithm for optimal winner determination in combinatorial auctions

@inproceedings{Sandholm1999AnAF,
  title={An algorithm for optimal winner determination in combinatorial auctions},
  author={T. Sandholm},
  booktitle={IJCAI 1999},
  year={1999}
}
  • T. Sandholm
  • Published in IJCAI 1999
  • Computer Science
  • Combinatorial auctions, i.e. auctions where bidders can bid on combinations of items, tend to lead to more efficient allocations than traditional auctions 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. We present a search algorithm for optimal winner determination. Experiments are shown on several bid distributions. The algorithm allows combinatorial auctions to scale up to… CONTINUE READING
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