Generalized value decomposition and structured multiattribute auctions

  title={Generalized value decomposition and structured multiattribute auctions},
  author={Yagil Engel and Michael P. Wellman},
Multiattribute auction mechanisms generally either remain agnostic about traders' preferences, or presume highly restrictive forms, such as full additivity. Real preferences often exhibit dependencies among attributes, yet may possess some structure that can be usefully exploited to streamline communication and simplify operation of a multiattribute auction. We develop such a structure using the theory of measurable value functions, a cardinal utility representation based on an underlying order… CONTINUE READING