On bidding algorithms for a distributed combinatorial auction

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On bidding algorithms for a distributed combinatorial auction

Combinatorial auctions (CAs) are a great way to solve complex resource allocation and coordination problems. However, CAs require a central auctioneer who receives the bids and solves the winner determination problem, an NP-hard problem. Unfortunately, a centralized auction is not a good fit for real world situations where the participants have proprietary interests that they wish to remain pri...

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Approximate Bidding Algorithms for a Distributed Combinatorial Auction (Short Paper)

Distributed allocation and multiagent coordination problems can be solved through combinatorial auctions (CAs). However, most of the existing winner determination algorithms (WDAs) for CAs are centralized. The PAUSE auction is one of a few efforts to release the auctioneer from having to do all the work. The pausebid bidding algorithm[6] generates myopically-optimal bids for agents in a PAUSE a...

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Approximate bidding algorithms for a distributed combinatorial auction

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ژورنال

عنوان ژورنال: Multiagent and Grid Systems

سال: 2011

ISSN: 1875-9076,1574-1702

DOI: 10.3233/mgs-2011-0170