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Combinatorial Auction

Combinatorial Auction. Social-choice function: the winner should be the guy having in mind the highest value for the painting. A single item auction. t 1 =10. r 1 =11. r i : is the amount of money player i bids (in a sealed envelope) for the painting. t 2 =12. r 2 =10. t 3 =7.

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283 views • 22 slides

Combinatorial Auction

Combinatorial Auction. f(t) : the set X ? F with the highest total value. Conbinatorial auction. t 1 =20. v 1 =20. t 2 =15. v 2 =16. t 3 =6. v 3 =7. the mechanism decides the set of winners and the corresponding payments. Each player wants a bundle of objects

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311 views • 21 slides

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Combinatorial Auction

Combinatorial Auction