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Solids: A Combinatorial Auction for Real Estate

Dries R. Goossens, Sander Onderstal, Jan Pijnacker, Frits C. R. Spieksma
2014 Interfaces  
In May 2011, our collaboration with housing corporation Stadgenoot culminated in the first combinatorial auction for housing space in a newly erected multistory building in Amsterdam in the Netherlands  ...  The resulting allocation included space for restaurants, boutiques, a dentist, and residential users.  ...  In this paper, we describe the first real estate combinatorial auction of which we are aware.  ... 
doi:10.1287/inte.2014.0749 fatcat:jbvfr4tkvnfavif3u3nwltlf7u

Solids - A Combinatorial Auction for a Housing Corporation [chapter]

Dries R. Goossens, Sander Onderstal, Frits C. R. Spieksma
2012 Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering  
On May 7, 2011, over one hundred bidders took part in a combinatorial auction for housing space in a newly erected building in Amsterdam (the Netherlands).  ...  We sketch our collaboration with the housing corporation that resulted in design choices with respect to first/second price, feedback, number of rounds, and tractability of the combinatorial auction.  ...  As far as we are aware, this is the first time that a combinatorial auction will be used for allocating real estate.  ... 
doi:10.1007/978-3-642-30913-7_20 fatcat:v4bn6d35dncpdbl2zr742uhora

Combinatorial Auction Design for Real-Estate Markets

Dries Goossens, Sander Onderstal, Frits Spieksma, Jan Pijnacker
2012 Social Science Research Network  
This paper describes a combinatorial auction design for real-estate markets where floor space (in a multi-storeyed building) is to be allocated to various interested parties.  ...  Finally, we report on a practical application of this design, where over one hundred bidders took part in the first combinatorial auction for housing space, in a newly erected building in Amsterdam (the  ...  The contribution of this paper is a specific format for combinatorial auctions in real-estate markets.  ... 
doi:10.2139/ssrn.2086351 fatcat:ph2l4ozdubb3zeuecgqvex3gkq

Towards a universal test suite for combinatorial auction algorithms

Kevin Leyton-Brown, Mark Pearson, Yoav Shoham
2000 Proceedings of the 2nd ACM conference on Electronic commerce - EC '00  
In this paper we present a suite of distribution families for generating realistic, economically motivated combinatorial bids in five broad real-world domains.  ...  General combinatorial auctions-auctions in which bidders place unrestricted bids for bundles of goods-are the subject of increasing study.  ...  The scheme for generating price offers used in our real estate example may be inappropriate for the spectrum auction domain.  ... 
doi:10.1145/352871.352879 dblp:conf/sigecom/Leyton-BrownPS00 fatcat:45knbw3qdzgaxj4sqzugn2aabq

A Test Suite for Combinatorial Auctions [chapter]

Kevin Leyton-Brown, Yoav Shoham
2005 Combinatorial Auctions  
of the original test suite and co-wrote Leyton-Brown et al. (2000) ; Galen Andrew, who has helped to maintain the test suite since the publication of Leyton-Brown et al. (2000) and was responsible for  ...  for holding a combinatorial auction in the first place.  ...  This is good news for those who hope to run practical combinatorial auctions. Conclusion In this chapter we introduced CATS, a test suite for combinatorial auction optimization algorithms.  ... 
doi:10.7551/mitpress/9780262033428.003.0019 fatcat:o76fhykleve4bm5vvtkj2h3kde

Quality-Aware Service Selection for Service-Based Systems Based on Iterative Multi-Attribute Combinatorial Auction

Qiang He, Jun Yan, Hai Jin, Yun Yang
2014 IEEE Transactions on Software Engineering  
This paper proposes a novel approach called combinatorial auction for service selection (CASS) to support effective and efficient service selection for SBSs based on combinatorial auction.  ...  Index Terms-Service-based system, combinatorial auction, quality of service, service composition, service selection, web services, integer programming Ç Q.  ...  There are already numerous successful examples of combinatorial auctions in practice, e.g., railroad tracks [10] , real estate [47] , pollution rights [34] , airport time slot [49] , distributed scheduling  ... 
doi:10.1109/tse.2013.2297911 fatcat:dui2i35nkra2lc3h2xm7ii5mia

Evaluating Auction Mechanisms for the Preservation of Cost-Aware Digital Objects under Constrained Digital Preservation Budgets

Andres El-Fakdi, Josep Lluis de la Rosa
2021 Mathematics  
The presented approach compares two auction-based mechanisms, a multi-unit auction and a combinatorial auction, with a simple direct purchase strategy as possible efficient behaviors for budget management  ...  About the results, the best performance corresponds to the combinatorial auction model.  ...  Combinatorial auctions have been used for many years in estate auctions, where a common procedure is to accept bids for packages of items.  ... 
doi:10.3390/math10010092 fatcat:hq7s6yy7szdctozu3n2ka6bl3e

When Blockchain Meets Auction Models: A Survey, Some Applications, and Challenges [article]

Zeshun Shi, Cees de Laat, Paola Grosso, Zhiming Zhao
2021 arXiv   pre-print
Complementary features between blockchain and auction models trigger a great potential for research and innovation.  ...  We review the existing solutions for integrating blockchain and auction models, with some application-oriented taxonomies generated.  ...  in Intel SGX. [198] TPACAS is a secure blockchain-based auction protocol for combinatorial auctions.  ... 
arXiv:2110.12534v1 fatcat:tpy2cv7sz5dc3dpchnmrniab5e

An Efficiency Ranking of Markets Aggregated from Single-Object Auctions

Eric B. Budish, Robert Zeithammer
2011 Social Science Research Network  
This paper studies how such collections of auctions aggregate into a multi-object auction market.  ...  In a wide variety of economic contexts, collections of single-object auctions are used to allocate multiple substitutable goods.  ...  Other examples include real-estate auctions, wine auctions, timber auctions, and offline wholesale used-auto auctions.  ... 
doi:10.2139/ssrn.1920973 fatcat:3jsc5oopxzg5dggcrc5nmdpg7a

Auctions and Electronic Markets [chapter]

Donna Griffin, Dirk Pesch
2009 Multiagent Systems  
This type of auction is used in auctioning mineral rights in government-owned land, and is sometimes used is the sales of artwork and real estate.  ...  However despite the large amount of research conducted a solid and comprehensive framework is still lacking.  ...  a task.  ... 
doi:10.5772/6611 fatcat:pd3tsrq24reu3cxghqinqmm6uy

The simultaneous, ascending auction: dynamics of price adjustment in experiments and in the UK3G spectrum auction

Charles R. Plott, Timothy C. Salmon
2004 Journal of Economic Behavior and Organization  
The intention behind the development of this methodology is to provide an auctioneer a method of extracting information during an auction about possible closing prices.  ...  In this paper we develop a model of the behavior of bidders in simultaneous ascending auctions based on two principles: principle of surplus maximization and the principle of bid minimization.  ...  As a side note we point out that in recent Þeld applications of this mechanism to various real estate auctions, we have continued to observe similar phenomena relating to jump bids.  ... 
doi:10.1016/j.jebo.2003.01.003 fatcat:bm3ykvi22ngajc7zklt7ay6t2y

Economics and Electronic Commerce: Survey and Directions for Research

Robert J. Kauffman, Eric A. Walden
2001 International Journal of Electronic Commerce  
These include e-procurement and supply-chain management, the provision of trust in Internet trade contexts, design guidance and modes of operation for electronic auctions and electronic financial markets  ...  It is the authors' goal to contribute a framework for understanding electronic commerce and to provide up-to-date coverage of this remarkable new area of research.  ...  the combinatorial auction field.  ... 
doi:10.1080/10864415.2001.11044222 fatcat:syb52tlb7jcitghrkudxirwenu

9. Auctions A Survey of Experimental Research [chapter]

John H. Kagel, Dan Levin, John H. Kagel, Alvin E. Roth
2016 The Handbook of Experimental Economics, Volume Two  
estate auctions (Ashenfelter and Genesore, 1992).  ...  Figure Bids relative to value for the last 12 auctions. Solid line bids equal to value.  ... 
doi:10.1515/9781400883172-010 fatcat:qlhofgsdhva47e44vanm3vsu7u

Right-Sizing Spectrum Auction Licenses: The Case for Smaller Geographic License Areas in the TV Broadcast Incentive Auction

William Lehr, J. Armand Musey
2013 Social Science Research Network  
The territory size used for spectrum licenses is as important for valuing spectrum as parcel size is to valuing real estate.  ...  Stuart Sweet, What Is a Designated Market Area (DMA)?, THE SOLID SIGNAL BLOG (Apr. 20, 2014), http://forums.solidsignal.com/content.php/3068-What-is-a-designated-market-area-%28 DMA.  ... 
doi:10.2139/ssrn.2357792 fatcat:duljul5xcfbkxlq7kvv7juug3i

Multiple influences of semantic memory on sentence processing: Distinct effects of semantic relatedness on violations of real-world event/state knowledge and animacy selection restrictions

Martin Paczynski, Gina R. Kuperberg
2012 Journal of Memory and Language  
Animacy selection restriction violations also evoked a P600 effect, which was not modulated by semantic relatedness, suggesting that it was triggered by propositional impossibility.  ...  semantic relatedness between an incoming word and its preceding context can override expectations based on two types of stored knowledge: realworld knowledge about the specific events and states conveyed by a  ...  We are also grateful for the thorough and thoughtful comments on previous version of the manuscript by Colin Phillips and Wing Yee Chow.  ... 
doi:10.1016/j.jml.2012.07.003 pmid:23284226 pmcid:PMC3532895 fatcat:lvuff6yxcnda3ga2ldajiz4jqa
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