Business & Economics Books:

Combinatorial Auctions

Sorry, this product is not currently available to order

Here are some other products you might consider...

Combinatorial Auctions


Paperback / softback

Customer rating

Click to share your rating 0 ratings (0.0/5.0 average) Thanks for your vote!

Share this product

Combinatorial Auctions
Sorry, this product is not currently available to order


A synthesis of theoretical and practical research on combinatorial auctions from the perspectives of economics, operations research, and computer science. With a foreword by Vernon L. Smith, recipient of the 2002 Nobel Prize in Economics. The study of combinatorial auctions-auctions in which bidders can bid on combinations of items or "packages"-draws on the disciplines of economics, operations research, and computer science. This landmark collection integrates these three perspectives, offering a state-of-the art survey of developments in combinatorial auction theory and practice by leaders in the field. Combinatorial auctions (CAs), by allowing bidders to express their preferences more fully, can lead to improved economic efficiency and greater auction revenues. However, challenges arise in both design and implementation. Combinatorial Auctions addresses each of these challenges. After describing and analyzing various CA mechanisms, the book addresses bidding languages and questions of efficiency. Possible strategies for solving the computationally intractable problem of how to compute the objective-maximizing allocation (known as the winner determination problem) are considered, as are questions of how to test alternative algorithms. The book discusses five important applications of CAs: spectrum auctions, airport takeoff and landing slots, procurement of freight transportation services, the London bus routes market, and industrial procurement. This unique collection makes recent work in CAs available to a broad audience of researchers and practitioners. The integration of work from the three disciplines underlying CAs, using a common language throughout, serves to advance the field in theory and practice.

Author Biography

Peter Cramton is Professor of Economics at the University of Maryland. Yoav Shoham is Professor of Computer Science at Stanford University. Richard Steinberg is Chair in Operations Research, London School of Economics.
Release date Australia
January 22nd, 2010
Edited by Peter Cramton Edited by Richard Steinberg Edited by Yoav Shoham Foreword by Vernon L. Smith
Country of Publication
United States
11 illus.; 11 Illustrations, unspecified
MIT Press
Product ID

Customer reviews

Nobody has reviewed this product yet. You could be the first!

Write a Review

Marketplace listings

There are no Marketplace listings available for this product currently.
Already own it? Create a free listing and pay just 9% commission when it sells!

Sell Yours Here

Help & options

  • If you think we've made a mistake or omitted details, please send us your feedback. Send Feedback
  • If you have a question or problem with this product, visit our Help section. Get Help
Filed under...