Abstract
On May 7, 2011, over one hundred bidders took part in a combinatorial auction for housing space in a newly erected building in Amsterdam (the Netherlands). This paper describes the development of this auction. We sketch our collaboration with the housing corporation that resulted in design choices with respect to first/second price, feedback, number of rounds, and tractability of the combinatorial auction. Furthermore, the winner determination problem is complicated by various municipal and building regulations that the allocation needs to satisfy. We show how these regulations can be included in an integer program that is used to solve the winner determination problem. Finally, computational experiments illustrate the tractability of this model.
Original language | English |
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Title of host publication | Auctions, market mechanisms, and their applications |
Subtitle of host publication | Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011, Revised Selected Papers |
Editors | P. Coles, S. Das, S. Lahaie, B. Szymanski |
Place of Publication | Berlin |
Publisher | Springer |
Pages | 76-87 |
Number of pages | 12 |
ISBN (Electronic) | 978-3-642-30913-7 |
ISBN (Print) | 978-3-642-30912-0 |
DOIs | |
Publication status | Published - 2012 |
Externally published | Yes |
Event | 2nd International ICST Conference on Auctions, Market Mechanisms, and Their Applications (AMMA 2011) - New York, United States Duration: 22 Aug 2011 → 23 Aug 2011 Conference number: 2 |
Publication series
Name | Lecture Notes of the Institute for Computer Sciences, Social-Informatics and Telecommunications Engineering |
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Volume | 80 |
ISSN (Print) | 1867-8211 |
Conference
Conference | 2nd International ICST Conference on Auctions, Market Mechanisms, and Their Applications (AMMA 2011) |
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Abbreviated title | AMMA 2011 |
Country | United States |
City | New York |
Period | 22/08/11 → 23/08/11 |
Keywords
- auction design
- combinatorial auction
- housing
- integer program