BidTaker: An Application of Multi-Attribute Auction Markets in Tourism [chapter]

Martin Bichler
2001 Information Age Economy  
Recent years have seen an enormous increase in the role of information technology in markets. During the past few years, economists, game theorists, and computer scientists have started to take a direct role by designing various kinds of market mechanisms for electronic markets in various industries. What is so special about "electronic" market design is the fact that a designer has many more possibilities in designing a mechanism than one would have for physical markets. Multi-attribute
more » ... auctions are such a new market mechanism, which would hardly be feasible without the use of information technology. In this paper we describe a first application of a multi-attribute auction market in the tourism industry.
doi:10.1007/978-3-642-57547-1_47 fatcat:scwt5j4qwvcpldvbps73c2al2q