We study the distributed allocation of tasks to cooperating robots in real time, where each task has to be assigned to exactly one robot so that the sum of the latencies of all tasks is as small as possible. We propose a new auction-like algorithm, called Sequential Incremental-Value (SIV) auction, which assigns tasks to robots in multiple rounds. The idea behind SIV auctions is to assign as ma...

Motivated by the online advertising exchange marketplace where demand-side intermediaries conduct local upstream auctions and participate in the exchanges’ real-time auctions, we study the revenue and efficiency effects of three different auction mechanisms for such intermediaries. Specifically, we consider the widely-used first-price sealed-bid auction and two variations of the Vickrey auction...

Most major Web search engines typically present sponsored and non-sponsored results in separate listing on the search engine results page. In this research, we investigate the effect of integrating both sponsored and non-sponsored results into a single listing. The premise underlying this research is that searchers are primarily interested in relevant results to their queries. Given the reporte...

Auctions have been developed for economic transactions with asymmetric information and they are the simplest means of price determination for multilateral trading without ‘market makers.’ During the last years, new technologies gave a boost to the development and usage of innovative auction formats in several fields. We explore some of the new possibilities of applications and explain the diffe...