Solids: A Combinatorial Auction for Real Estate

@article{Goossens2014SolidsAC,
  title={Solids: A Combinatorial Auction for Real Estate},
  author={Dries R. Goossens and Sander Onderstal and Jan Pijnacker and Frits C. R. Spieksma},
  journal={Interfaces},
  year={2014},
  volume={44},
  pages={351-363}
}
In May 2011, our collaboration with housing corporation Stadgenoot culminated in the first combinatorial auction for housing space in a newly erected multistory building in Amsterdam in the Netherlands. Our primary goal was to allocate space based on the preferences of many potential users. The resulting allocation included space for restaurants, boutiques, a dentist, and residential users. The auction we designed maximized total rent for Stadgenoot while complying with municipal and building… 

Figures and Tables from this paper

Winner Determination in Geometrical Combinatorial Auctions
TLDR
A dynamic programming algorithm is described which solves the winner determination problem in polynomial time for auctions of items that can be arranged in rows, and a NP-hardness proof is provided for the 2-row setting with gap-free bids.
Decision Support Winner determination in geometrical combinatorial auctions
We consider auctions of items that can be arranged in rows. Examples of such a setting appear in allocating pieces of land for real estate development, or seats in a theater or stadium. The objective
Competing Combinatorial Auctions
TLDR
It is shown that auctioneers can limit competitive pressure between themselves by allowing bids only on specific packages, where these packages differ between auctioneers, which results in market segmentation, which increases bidder competition, and consequently increases auctioneer revenues.
Using Feedback to Mitigate Coordination and Threshold Problems in Iterative Combinatorial Auctions
TLDR
The experiment indicates that coalitional feedback has a positive impact on economic efficiency in cases where difficult threshold problems arise; however, it appears to have an adverse effect when threshold problems are easy.
Procurement Optimization under a Flexible Bill-of-materials
Procurement Optimization under a Flexible Bill-of-Materials Ho Ting Jeffrey Pak Master of Applied Science Graduate Department of Mechanical and Industrial Engineering University of Toronto 2016
DEVELOPMENTS IN RESIDENTIAL OPEN BUILDING: Analysis and Reflections on Two Seminal Case Studies
The focus of this article is the open building concept in multi-family residential architecture. The article analyzes and examines two specific projects: the Solid Oud West in Amsterdam (2010) and
Selecting Healthcare Providers for Bundled Payments in Healthcare Services
TLDR
This work develops a healthcare provider selection framework via data envelopment analysis (DEA) and combinatorial auction (CA) that provides a practical and systematic selection procedure for payers compared to the extant subjective selection methods.
An error recognition method for power equipment defect records based on knowledge graph technology
TLDR
Results show that the proposed method performs better in error recognition of defect records than machine learning methods, and can satisfy real-time requirements.
Winner Determination in Geometrical Combinatorial Auctions
  • 2016
...
...

References

SHOWING 1-10 OF 33 REFERENCES
Real estate auctions: A survey of theory and practice
Recent downturns in real estate markets combined with a general acceptance of auctions have resulted in an unprecedented number of auction sales. A need therefore exists for the further development
Special Issue: Experimental Economics in Practice: The First Use of a Combined-Value Auction for Transportation Services
TLDR
SLS is the first procurer of trucking services to use a CVA to reduce its costs, and Experimental economics played a crucial role in the development, sale, and use of the CVA.
A Combinational Auction Improves School Meals in Chile
TLDR
An integer linear programming model was constructed to decide contract awards optimally among different concession holders in Chile's school system, improving the price-quality ratio of the meals with yearly savings of around US$40 million--equivalent to the cost of feeding 300,000 children during one year.
A Combinatorial Auction with Multiple Winners for Universal Service
We describe a discrete-time auction procedure called PAUSE (Progressive Adaptive User Selection Environment) for use in assigning COLR (Carrier of Last Resort) responsibility for universal service.
Computationally Manageable Combinational Auctions
There is interest in designing simultaneous auctions for situations such as the recent FCC radio spectrum auctions, in which the value of assets to a bidder depends on which other assets he or she
Optimization in electronic markets: examples in combinatorial auctions
TLDR
An analysis of the complexity of the problem to assign bids to bidders in combinatorial auctions shows that the case of identical assets can be solved in polynomial time, and an algorithm to solve small and medium sized instances in a limited time using standard software is presented.
Combinatorial Auction Design
TLDR
Combinatorial auction designs must deal with exposure problems, threshold problems, ways to keep the bidding moving at a reasonable pace, avoiding and resolving ties, and controlling complexity.
Auction Design with Fairness Concerns: Subsidies vs. Set-Asides
Government procurement and allocation programs often use subsidies and set-asides favoring small businesses and other target groups to address fairness concerns. These concerns are in addition to
...
...