Tool Auctions

  title={Tool Auctions},
  author={Janosch D{\"o}cker and Britta Dorn and Ulrich Endriss and Ronald de Haan and Sebastian Schneckenburger},
We introduce tool auctions, a novel market mechanism for constructing a cost-efficient assembly line for producing a desired set of products from a given set of goods and tools. Such tools can be used to transform one type of good into a different one. We then study the computational complexity of tool auctions in detail, using methods from both classical… CONTINUE READING