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Combinatorial Auction Models

In: Understanding Auctions

Author

Listed:
  • Asunción Mochón

    (UNED University)

  • Yago Sáez

    (University Carlos III of Madrid)

Abstract

Combinatorial auctions (CAs) are characterized by offering multiple related items and allowing the bidders to bid for the items or combinations of items in which they are interested. When a combinatorial auction is being designed, the seller must set up all the details, such as: dynamic or sealed-bid (single-round), pricing rule, activity rule, and starting price. Given the wide spectrum of possibilities, in this chapter, we will only focus on analyzing a few of these models in which the first-price rule will be applied.

Suggested Citation

  • Asunción Mochón & Yago Sáez, 2015. "Combinatorial Auction Models," Springer Texts in Business and Economics, in: Understanding Auctions, edition 127, chapter 8, pages 105-120, Springer.
  • Handle: RePEc:spr:sptchp:978-3-319-08813-6_8
    DOI: 10.1007/978-3-319-08813-6_8
    as

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