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Algorithm for optimal winner determination in combinatorial auctions

Tuomas Sandholm
- 01 Feb 2002 - 
- Vol. 135, Iss: 1, pp 1-54
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TLDR
The algorithm allows combinatorial auctions to scale up to significantly larger numbers of items and bids than prior approaches to optimal winner determination by capitalizing on the fact that the space of bids is sparsely populated in practice.
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This article is published in Artificial Intelligence.The article was published on 2002-02-01 and is currently open access. It has received 1045 citations till now. The article focuses on the topics: Combinatorial auction & Common value auction.

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Citations
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Book

Algorithmic Game Theory

TL;DR: A new era of theoretical computer science addresses fundamental problems about auctions, networks, and human behavior in a bid to solve the challenges of 21st Century finance.
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Combinatorial Auctions

TL;DR: It's important for you to start having that hobby that will lead you to join in better concept of life and reading will be a positive activity to do every time.
Journal ArticleDOI

Combinatorial Auctions: A Survey

TL;DR: The state of knowledge about the design of combinatorial auctions is surveyed and some new insights are presented.
Journal ArticleDOI

Market-Based Multirobot Coordination: A Survey and Analysis

TL;DR: An introduction to market-based multirobot coordination is provided, a review and analysis of the state of the art in the field, and a discussion of remaining research challenges are discussed.
Journal ArticleDOI

Consensus-Based Decentralized Auctions for Robust Task Allocation

TL;DR: This paper addresses task allocation to coordinate a fleet of autonomous vehicles by presenting two decentralized algorithms: the consensus-based auction algorithm (CBAA) and its generalization to the multi-assignment problem, i.e., theensus-based bundle algorithm ( CBBA).
References
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Journal ArticleDOI

Multipart pricing of public goods

Edward H. Clarke
- 01 Sep 1971 - 
Book

Approximation Algorithms for NP-Hard Problems

TL;DR: This book reviews the design techniques for approximation algorithms and the developments in this area since its inception about three decades ago and the "closeness" to optimum that is achievable in polynomial time.
Journal ArticleDOI

Depth-first iterative-deepening: an optimal admissible tree search

TL;DR: This heuristic depth-first iterative-deepening algorithm is the only known algorithm that is capable of finding optimal solutions to randomly generated instances of the Fifteen Puzzle within practical resource limits.