Competitive Analysis of Multi-Attribute On-Line Auction

Abstract:

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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.

Info:

Periodical:

Advanced Materials Research (Volumes 204-210)

Edited by:

Helen Zhang, Gang Shen and David Jin

Pages:

205-208

DOI:

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

Citation:

L. L. Ding et al., "Competitive Analysis of Multi-Attribute On-Line Auction", Advanced Materials Research, Vols. 204-210, pp. 205-208, 2011

Online since:

February 2011

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Price:

$35.00

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