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C bi t i l A tiCombinatorial Auctions Adapted from notes by Vincent ConitzerAdapted from notes by Vincent Conitzer
 

Summary: 10/29/2010
1
Auctions &
C bi t i l A tiCombinatorial Auctions
Adapted from notes by Vincent ConitzerAdapted from notes by Vincent Conitzer
Auctions Assumption is
If you buy the item for exactly what it isIf you buy the item for exactly what it is
worth, there is no utility.
Yale slides bring this home especially if
your evaluation isn't correct.
If you sell the item for exactly what is ity y
worth, there is no utility.
We are trying to do better than purchase for
its actual value a good deal for both.
2
10/29/2010
2
Auction Parameters
Goods can have
private value (Aunt Bessie's Broach)

  

Source: Allan, Vicki H. - Department of Computer Science, Utah State University

 

Collections: Computer Technologies and Information Sciences