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|Title:||Combinatorial auctions for player selection in the indian premier league (IPL)|
Sen, Anup Kumar
Indian Premier League (IPL)
Journal of Sports Economics
SAGE Publications Ltd
|Abstract:||In 2008, the benefits of team formation by auction first became apparent in the field of professional cricket. The Indian Premier League organized sequential single-item auctions to allocate 77 cricketers to eight teams that participated in a Twenty20 cricket tournament. We argue in this article that the auction format used resulted in distortion of player valuations. We recommend a combinatorial auction scheme MRPF which enables bidders to exploit the complementary nature of the resources. A laboratory experiment undertaken to test the feasibility of MRPF indicated that it would result in a more efficient auction system. � The Author(s) 2012.|
|Description:||Chakraborty, Soumyakanti, XLRI School of Business and Human Resources, Jamshedpur, Jharkhand, India; Sen, Anup Kumar, Indian Institute of Management Calcutta, Kolkata, India; Bagchi, Amitava, Heritage Institute of Technology, Kolkata, India|
ISSN/ISBN - 15270025
DOI - 10.1177/1527002512470141
|Appears in Collections:||Management Information Systems|
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