Browsing by Author Zhong, Jie

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  • Authors: Zhong, Jie (2006)

    Many types of auctions are discussed in the literature such as single item auctions, sequential auctions, and combinatorial auctions. Proxy bidding has proven useful in solving iterative auction problems in many real-world auction formats. In this dissertation, I propose a new type of iterative auction called the Simple Combinatorial Proxy Auction. A popular method for solving the iterative proxy auction problems is simulating the incremental bidding decisions of the agents. However, this approach has some disadvantages. In this dissertation, I present a new approach called the Price Trajectory Algorithm to solve iterative auction problems. This approach computes the agents’ allocati...