Combinatorial Auctions in Practice

52 Pages Posted: 12 May 2021

See all articles by Ignacio Palacios-Huerta

Ignacio Palacios-Huerta

London School of Economics; Ikerbasque Foundation UPV/EHU

David C. Parkes

Harvard University - Division of Engineering and Applied Sciences

Richard Steinberg

London School of Economics and Political Science

Date Written: May 12, 2021

Abstract

We survey the uses of combinatorial auctions that have been deployed in practice. We specify the key representational, computational, and economic aspects of deployed combinatorial auctions. Finally, we discuss behavioral economics considerations on both sides of the market, and the interrelated topics of trust, simplicity and flexibility, highlighting key opportunities for future work.

Keywords: Combinatorial Auctions, Market Design, Bidding, Behavioral Economics.

JEL Classification: C72, D44, D90, L20.

Suggested Citation

Palacios-Huerta, Ignacio and Parkes, David C. and Steinberg, Richard, Combinatorial Auctions in Practice (May 12, 2021). Available at SSRN: https://ssrn.com/abstract=3844338 or http://dx.doi.org/10.2139/ssrn.3844338

Ignacio Palacios-Huerta (Contact Author)

London School of Economics ( email )

Dept. of Management
Houghton Street
London, WC2A 2AE
United Kingdom

Ikerbasque Foundation UPV/EHU ( email )

David C. Parkes

Harvard University - Division of Engineering and Applied Sciences ( email )

1875 Cambridge Street
Cambridge, MA 02138
United States

Richard Steinberg

London School of Economics and Political Science ( email )

Dept. of Management, NAB 3.08
Houghton Street
London, WC2A 2AE
United Kingdom

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