Solids: a combinatorial auction for real estate

D.R. Goossens, S. Onderstal, J. Pijnacker, F.C.R. Spieksma

Research output: Contribution to journalArticleAcademicpeer-review

3 Citations (Scopus)

Abstract

In May 2011, our collaboration with housing corporation Stadgenoot culminated in the first combinatorial auction for housing space in a newly erected multistory building in Amsterdam in the Netherlands. Our primary goal was to allocate space based on the preferences of many potential users. The resulting allocation included space for restaurants, boutiques, a dentist, and residential users. The auction we designed maximized total rent for Stadgenoot while complying with municipal and building regulations. We based our design on laboratory experiments that gave us guidance on choices regarding, for example, pricing, feedback, and activity rules. This paper describes the development and the results of this auction.
Original languageEnglish
Pages (from-to)351-363
JournalInterfaces
Volume44
Issue number4
DOIs
Publication statusPublished - 2014
Externally publishedYes

Keywords

  • combinatorial auction
  • design
  • bidding
  • allocation constraints
  • real estate

Fingerprint

Dive into the research topics of 'Solids: a combinatorial auction for real estate'. Together they form a unique fingerprint.

Cite this