Multiple-round timber auction design and simulation

simulation and design of electronic processing circuit for restaurants e-procurement system

the poor orientation of the restaurants toward the information technology has yet many unsolved issues in regards to the customers. one of these problems which lead the appeal list of later, and have a negative impact on the prestige of the restaurant is the case when the later does not respond on time to the customers’ needs, and which causes their dissatisfaction. this issue is really sensiti...

Welfare and Rationality Guarantees for the Simultaneous Multiple-Round Ascending Auction

The simultaneous multiple-round auction (SMRA) and the combinatorial clock auction (CCA) are the two primarymechanisms used to sell bandwidth. Under truthful bidding, the SMRA is known to output a Walrasian equilibrium that maximizes social welfare provided the bidder valuation functions satisfy the gross substitutes property [20]. Recently, it was shown that the combinatorial clock auction (CC...

Auction Theory for Auction Design

* Paper to appear as Chapter 1 in the book " Auctioning Public Assets " edited by Maarten Janssen, to be published by Cambridge University Press. We are grateful to Maarten for inviting us to write this survey. Preparing the survey has made us painfully aware of the gaps in our knowledge of the auction literature and we apologize for all errors and omissions. Tilman Börgers gratefully acknowled...

Making the FCC's First Combinatorial Auction Work Well Comment on DA 00-1075, “COMMENT SOUGHT ON MODIFYING THE SIMULTANEOUS MULTIPLE ROUND AUCTION DESIGN TO ALLOW COMBINATORIAL

An Optimal Auction Infrastructure Design: An Agent-based Simulation Approach

This paper presents an agent-based simulation approach to estimate the effects of auction parameters on the auction outcomes, and to find an optimal or, at least, close to an optimal infrastructure. In particular, this study intends to study how bidders’ personalities and bidding strategies with other auction parameters affect the closing prices in two auction mechanisms: English and Yankee auc...