Auctions, Bidding and Exchange Design
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CitationKalagnanam, Jayant, and David C. Parkes. 2004. Auctions, bidding and exchange design. In Handbook of Quantitative Supply Chain Analysis: Modeling in the E-Business Era, ed. D. Simchi-Levi, S. D. Wu, Z. Shen, 143-212. Boston: Kluwer.
AbstractThe different auction types are outlined using a classification framework along six dimensions. The economic properties that are desired in the design of auction mechanisms and the complexities that arise in their implementation are discussed. Some of the most interesting designs from the literature are analyzed in detail to establish known results and to identify the emerging research directions.
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