Please use this identifier to cite or link to this item: https://ir.iimcal.ac.in:8443/jspui/handle/123456789/348
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dc.contributor.authorChakraborty, Soumyakanti
dc.contributor.authorSen, Anup K.
dc.contributor.authorBagchi, Amitava
dc.date.accessioned2017-05-04T10:12:51Z
dc.date.accessioned2021-08-26T03:54:33Z-
dc.date.available2017-05-04T10:12:51Z
dc.date.available2021-08-26T03:54:33Z-
dc.date.issued2008-08-01
dc.identifier.urihttps://ir.iimcal.ac.in:8443/jspui/handle/123456789/348-
dc.description.abstractThe last few years have witnessed a high rate of growth in revenue from single-item online auctions popularized by eBay and similar websites. But implementations of online combinatorial auctions are rare because of the high cost incurred by the seller in solving the WDP, and the high participation and monitoring costs that have to be borne by the bidders. Recently, an incremental dynamic programming formulation for the WDP has made this problem more tractable when the number of items is not too large. In an effort to ease the burden of the bidder, we propose the use of a proxy agent that will bid on the bidder’s behalf. In our algorithmic scheme, PRACA, a main process coordinates the activities of a number of autonomous proxy agents, one for each bidder, by means of signals. We derive some interesting theoretical results, and describe how we verified the operational correctness of PRACA.en_US
dc.description.sponsorshipINDIAN INSTITUTE OF MANAGEMENT CALCUTTAen_US
dc.language.isoen_USen_US
dc.publisherINDIAN INSTITUTE OF MANAGEMENT CALCUTTAen_US
dc.relation.ispartofseriesWORKING PAPER SERIES;WPS No. 627/ August 2008
dc.subjectOnline Combinatorial Auctionsen_US
dc.subjectParticipation Cost of Biddersen_US
dc.subjectProxy Agents for Combinatorial Auctionsen_US
dc.titleTowards Designing Proxy Bidders for Online Combinatorial Auctionsen_US
dc.typeWorking Paperen_US
Appears in Collections:2008

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