Designing Real Time Feedback For Bidders In Homogeneous Item Continuous Combinatorial Auctions
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Author | : Martin Bichler |
Publisher | : Cambridge University Press |
Total Pages | : 935 |
Release | : 2017-10-26 |
Genre | : Business & Economics |
ISBN | : 1107135346 |
An international team of experts covers the pros and cons of different auction formats and lessons learned in the field.
Author | : Peter C. Cramton |
Publisher | : MIT Press (MA) |
Total Pages | : 678 |
Release | : 2006 |
Genre | : Business & Economics |
ISBN | : |
A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science.
Author | : Paul Milgrom |
Publisher | : Cambridge University Press |
Total Pages | : 378 |
Release | : 2004-01-12 |
Genre | : Business & Economics |
ISBN | : 1139449168 |
This book provides a comprehensive introduction to modern auction theory and its important new applications. It is written by a leading economic theorist whose suggestions guided the creation of the new spectrum auction designs. Aimed at graduate students and professionals in economics, the book gives the most up-to-date treatments of both traditional theories of 'optimal auctions' and newer theories of multi-unit auctions and package auctions, and shows by example how these theories are used. The analysis explores the limitations of prominent older designs, such as the Vickrey auction design, and evaluates the practical responses to those limitations. It explores the tension between the traditional theory of auctions with a fixed set of bidders, in which the seller seeks to squeeze as much revenue as possible from the fixed set, and the theory of auctions with endogenous entry, in which bidder profits must be respected to encourage participation.
Author | : Paul Milgrom |
Publisher | : Columbia University Press |
Total Pages | : 222 |
Release | : 2017-05-23 |
Genre | : Business & Economics |
ISBN | : 023154457X |
Traditional economic theory studies idealized markets in which prices alone can guide efficient allocation, with no need for central organization. Such models build from Adam Smith’s famous concept of an invisible hand, which guides markets and renders regulation or interference largely unnecessary. Yet for many markets, prices alone are not enough to guide feasible and efficient outcomes, and regulation alone is not enough, either. Consider air traffic control at major airports. While prices could encourage airlines to take off and land at less congested times, prices alone do just part of the job; an air traffic control system is still indispensable to avoid disastrous consequences. With just an air traffic controller, however, limited resources can be wasted or poorly used. What’s needed in this and many other real-world cases is an auction system that can effectively reveal prices while still maintaining enough direct control to ensure that complex constraints are satisfied. In Discovering Prices, Paul Milgrom—the world’s most frequently cited academic expert on auction design—describes how auctions can be used to discover prices and guide efficient resource allocations, even when resources are diverse, constraints are critical, and market-clearing prices may not even exist. Economists have long understood that externalities and market power both necessitate market organization. In this book, Milgrom introduces complex constraints as another reason for market design. Both lively and technical, Milgrom roots his new theories in real-world examples (including the ambitious U.S. incentive auction of radio frequencies, whose design he led) and provides economists with crucial new tools for dealing with the world’s growing complex resource-allocation problems.
Author | : Lap Chi Lau |
Publisher | : Cambridge University Press |
Total Pages | : 255 |
Release | : 2011-04-18 |
Genre | : Computers |
ISBN | : 1139499394 |
With the advent of approximation algorithms for NP-hard combinatorial optimization problems, several techniques from exact optimization such as the primal-dual method have proven their staying power and versatility. This book describes a simple and powerful method that is iterative in essence and similarly useful in a variety of settings for exact and approximate optimization. The authors highlight the commonality and uses of this method to prove a variety of classical polyhedral results on matchings, trees, matroids and flows. The presentation style is elementary enough to be accessible to anyone with exposure to basic linear algebra and graph theory, making the book suitable for introductory courses in combinatorial optimization at the upper undergraduate and beginning graduate levels. Discussions of advanced applications illustrate their potential for future application in research in approximation algorithms.
Author | : Tim Roughgarden |
Publisher | : Cambridge University Press |
Total Pages | : 356 |
Release | : 2016-08-30 |
Genre | : Computers |
ISBN | : 1316781178 |
Computer science and economics have engaged in a lively interaction over the past fifteen years, resulting in the new field of algorithmic game theory. Many problems that are central to modern computer science, ranging from resource allocation in large networks to online advertising, involve interactions between multiple self-interested parties. Economics and game theory offer a host of useful models and definitions to reason about such problems. The flow of ideas also travels in the other direction, and concepts from computer science are increasingly important in economics. This book grew out of the author's Stanford University course on algorithmic game theory, and aims to give students and other newcomers a quick and accessible introduction to many of the most important concepts in the field. The book also includes case studies on online advertising, wireless spectrum auctions, kidney exchange, and network management.
Author | : Martin Bichler |
Publisher | : Cambridge University Press |
Total Pages | : 297 |
Release | : 2017-12-21 |
Genre | : Business & Economics |
ISBN | : 1107173183 |
The introduction to market design discusses the theory and empirical results relevant for the design of multi-object auctions and matching.
Author | : Alexander M. Wyglinski |
Publisher | : Academic Press |
Total Pages | : 737 |
Release | : 2009-11-13 |
Genre | : Technology & Engineering |
ISBN | : 0080879322 |
Cognitive Radio Communications and Networks gives comprehensive and balanced coverage of the principles of cognitive radio communications, cognitive networks, and details of their implementation, including the latest developments in the standards and spectrum policy. Case studies, end-of-chapter questions, and descriptions of various platforms and test beds, together with sample code, give hands-on knowledge of how cognitive radio systems can be implemented in practice. Extensive treatment is given to several standards, including IEEE 802.22 for TV White Spaces and IEEE SCC41 Written by leading people in the field, both at universities and major industrial research laboratories, this tutorial text gives communications engineers, R&D engineers, researchers, undergraduate and post graduate students a complete reference on the application of wireless communications and network theory for the design and implementation of cognitive radio systems and networks - Each chapter is written by internationally renowned experts, giving complete and balanced treatment of the fundamentals of both cognitive radio communications and cognitive networks, together with implementation details - Extensive treatment of the latest standards and spectrum policy developments enables the development of compliant cognitive systems - Strong practical orientation – through case studies and descriptions of cognitive radio platforms and testbeds – shows how real world cognitive radio systems and network architectures have been built Alexander M. Wyglinski is an Assistant Professor of Electrical and Computer Engineering at Worcester Polytechnic Institute (WPI), Director of the WPI Limerick Project Center, and Director of the Wireless Innovation Laboratory (WI Lab) - Each chapter is written by internationally renowned experts, giving complete and balanced treatment of the fundamentals of both cognitive radio communications and cognitive networks, together with implementation details - Extensive treatment of the latest standards and spectrum policy developments enables the development of compliant cognitive systems - Strong practical orientation – through case studies and descriptions of cognitive radio platforms and testbeds – shows how "real world" cognitive radio systems and network architectures have been built
Author | : Holger H. Hoos |
Publisher | : Morgan Kaufmann |
Total Pages | : 678 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 1558608729 |
Stochastic local search (SLS) algorithms are among the most prominent and successful techniques for solving computationally difficult problems. Offering a systematic treatment of SLS algorithms, this book examines the general concepts and specific instances of SLS algorithms and considers their development, analysis and application.
Author | : Martin Peitz |
Publisher | : Oxford University Press |
Total Pages | : 615 |
Release | : 2012-08-23 |
Genre | : Business & Economics |
ISBN | : 0195397843 |
The economic analysis of the digital economy has been a rapidly developing research area for more than a decade. Through authoritative examination by leading scholars, this Handbook takes a closer look at particular industries, business practices, and policy issues associated with the digital industry. The volume offers an up-to-date account of key topics, discusses open questions, and provides guidance for future research. It offers a blend of theoretical and empirical works that are central to understanding the digital economy. The chapters are presented in four sections, corresponding with four broad themes: 1) infrastructure, standards, and platforms; 2) the transformation of selling, encompassing both the transformation of traditional selling and new, widespread application of tools such as auctions; 3) user-generated content; and 4) threats in the new digital environment. The first section covers infrastructure, standards, and various platform industries that rely heavily on recent developments in electronic data storage and transmission, including software, video games, payment systems, mobile telecommunications, and B2B commerce. The second section takes account of the reduced costs of online retailing that threatens offline retailers, widespread availability of information as it affects pricing and advertising, digital technology as it allows the widespread employment of novel price and non-price strategies (bundling, price discrimination), and auctions, as well as better tar. The third section addresses the emergent phenomenon of user-generated content on the Internet, including the functioning of social networks and open source. Finally, the fourth section discusses threats arising from digitization and the Internet, namely digital piracy, privacy and internet security concerns.