Preference elicitation in combinatorial auctions

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

Reexamination Certificate

active

07742971

ABSTRACT:
In determining a winning allocation in a forward auction, reverse auction or an exchange, a plurality of allocations are defined wherein each allocation defines a trade between one or more potential buyers and one or more potential sellers. At least one potential buyer is queried regarding at least one preference of the buyer about at least one allocation or a bundle associated therewith. The buyer's reply or intimation to the query is received and, based on the reply or intimation, each allocation that is either not feasible or not optimal is eliminated from consideration as the winning allocation. This process is repeated until a predetermined criteria is met whereupon one of the remaining allocations is selected as the winning allocation.

REFERENCES:
patent: 6704716 (2004-03-01), Force
patent: 6718312 (2004-04-01), McAfee et al.
patent: 7133841 (2006-11-01), Wurman et al.
Tuomas Sandholm “Approaches to winner determination in combinatorial auctions” Decision Support Systems 28 (2000).
Tuomas Sandholm “Algorithm for optimal winner determination in combinatorial auctions” Artificial Intelligence 135 (2002).
Sushil Bikhchandani and Joseph M. Ostroy, “The Package Assignment Model”, UCLA Working Paper Series, mimeo, 36 pp., (1998).
Wolfram Conen and Fredj Dridi Eckhart Köppen, “A Secure XML/Java-Based Implementation Of Auction Services For Complex Resource Allocation Problems”, In IEEE, Proc. Of WETICE 2000, Nist, 7 pp., (2000).
Wolfram Conen, “Economic Coordination, Bundled Goods, and the Impact of Complementarities”, In Parsons and Woolridge, editors, Workshop on Decision Theoretic and Game Theoretic Agents, London, 12 pp., (1999).
Sven de Vries and Rakesh Vohra, “Combinatorial Auctions: A Survey”, 47 pp. (May 2000).
Rina Dechter and Judea Pearl, “Generalized Best-First Search Strategies and the Optimality of A”, Journal of the Association of Computing Machinery, vol. 32, No. 3, pp. 505-536, (Jul. 1985).
Gabrielle Demange, David Gale and Marilda Sotomayor, “Multi-Item Auctions”, Journal of Political Economy, vol. 94, No. 4, pp. 863-872, (1986).
Faruk Gul and Ennio Stacchetti, “Walrasian Equilibrium with Gross Substitutes”, Journal of Economic Theory, 24 pp., (1999).
Alexander S. Kelso, Jr. and Vincent P. Crawford, “Job Matching, Coalition Formation, and Gross Substitutes”, Econometrica, vol. 50, No. 6, pp. 1483-1504, (Nov. 1982).
Herman B. Leonard, “Elicitation of Honest Preferences for the Assignment of Individuals to Positions”, Journal of Political Economy, vol. 91, No. 31, pp. 461-479, (1983).
Peter R. Wurman and Michael P. Wellman, “Equilibrium Prices in Bundle Auctions”, Submitted for Publication, to Appear as Santa Fe Institute Working Paper, 14 pp. (1999).
Kate Larson and Tuomas Sandholm, “Computationally Limited Agents in Auctions”, In Agents-01 Workshop of Agents for B2B, 8 pp., (2001).
Kate Larson and Tuomas Sandholm, “Costly Valuation Computation in Auctions”, In Tark, Siena, Italy, 14 pp., (2001).
David C. Parkes, “iBundle: An Efficient Ascending Price Bundle Auction”, In Proc. ACM Conference on Electronic Commerce, 10 pp. (Nov. 1999).
David C. Parkes, “Optimal Auction Design for Agents with Hard Valuation Problems”, In Agent-Mediated Electronic Commerce Workshop at the IJCAI, 13 pp., (1999).
David C. Parkes and Lyle Ungar, “Iterative Combinatorial Auctions: Theory and Practice”, American Association for Artificial Intelligence, 8 pp., (2000).
David C. Parkes and Lyle Ungar, “Preventing Strategic Manipulation in Iterative Auctions: Proxy Agents and Price-Adjustment”, American Association for Artificial Intelligence, 8 pp., (2000).
Tuomas Sandholm, “An Implementation of the Contract Net Protocol Based on Marginal Cost Calculations”, in AAAI, 7 pp., (1993).
William Vickrey, “Counterspeculation, Auctions, and Competitive Sealed Tenders”, J Finance, 16: pp. 8-37, (1961).
CRC, Standard Mathematical Tables, Twenty-first Edition, The Chemical Rubber Company, 38 pp. (1973).
Peter R. Wurmand and Michael P. Wellman, “AkBA: A Progressive, Anonymous-Price Combinatorial Auction”, EC'00, 9 pp., (2000).

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Preference elicitation in combinatorial auctions does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Preference elicitation in combinatorial auctions, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Preference elicitation in combinatorial auctions will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-4250995

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.