We present new approximate bidding algorithms that not only run in linear time but also increase the utility of the bidders as result of small decrement in ...
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We present new approximate bidding algorithms that not only run in linear time but also increase the utility of the bidders as result of small decrement in ...
The PAUSEBID bidding algorithm[6] generates myopically-optimal bids for agents in a PAUSE auction but its running time is exponential on the number of bids. We ...
In this paper we present our bidding algorithms, discuss their virtues and drawbacks, and compare the solutions obtained by them to the revenue-maximizing ...
This work presents new approximate bidding algorithms that not only run in linear time but also increase the utility of the bidders as result of small ...
Oct 22, 2024 · ABSTRACT Distributed allocation and multiagent coordination problems can be solved through combinatorial auctions.
In this paper we present our bidding algorithms, discuss their virtues and drawbacks, and compare the solu- tions obtained by them to the revenue-maximizing ...
Experimental results indicate that the approximate algorithms are a realistic tool for the development of large-scale distributed combinatorial auctions.
A bid value proportional to the number of items in each bundle is then generated; first, the base price distribution is used to generate a base price for each.
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Combinatorial auctions are auction formats that allow agents to submit single bids for a set of distinct items and as such economic efficiency may be enhanced.