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https://ir.iimcal.ac.in:8443/jspui/handle/123456789/1108| Title: | Combinatorial auctions for player selection in the indian premier league (IPL) |
| Authors: | Chakraborty, Soumyakanti Sen, Anup Kumar Bagchi, Amitava |
| Keywords: | Combinatorial auctions Cricket Indian Premier League (IPL) Information feedback Multiround auction |
| Issue Date: | 2012 |
| Publisher: | SCOPUS Journal of Sports Economics SAGE Publications Ltd |
| Series/Report no.: | 16(1) |
| 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 pp.86-107 DOI - 10.1177/1527002512470141 |
| URI: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-84927746279&doi=10.1177%2f1527002512470141&partnerID=40&md5=66c386734197eb42e8605cebf36111d3 https://ir.iimcal.ac.in:8443/jspui/handle/123456789/1108 |
| Appears in Collections: | Management Information Systems |
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