Competitive Analysis of Multi-Attribute On-Line Auction

Li Li Ding; Song Wang; Wang Lin Kang

doi:10.4028/www.scientific.net/AMR.204-210.205

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 204-210Competitive Analysis of Multi-Attribute On-Line...

Competitive Analysis of Multi-Attribute On-Line Auction

Abstract:

The emergence of auction that supports bids characterized by several attributes is one of the most recent evolutions within auction theory. The purpose of this paper is to introduce multi-attribute into the on-line auction mechanism, proposed by Lavi and Nisan. Our mechanism is designed for auctioning multiple units of a good when the bidders arrive and depart dynamically. To incorporate the buyer’s preferences across attributes in an auction setting, we adopt a novel application of a scoring function. Furthermore, we describe a competitive reservation utility strategy (RUS), which helps the buyer decide when and how many goods he should buy. Finally, we also perform numerical examples showing our results.

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Periodical:

Advanced Materials Research (Volumes 204-210)

Pages:

205-208

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.204-210.205

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Online since:

February 2011

Authors:

Li Li Ding, Song Wang, Wang Lin Kang

Keywords:

Competitive Analysis, Competitive Ratio, Multi-Attribute, On-Line Auction

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