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A weighted product method for bidding strategies in multi-attribute auctions

文献类型：期刊论文

作者Wang, Mingxi1,2; Liu, Shulin2; Wang, Shouyang1; Lai, Kin Keung3
刊名JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY
出版日期2010-02-01
卷号23期号:1页码:194-208
关键词Bidding strategy multi-attribute auctions weighted product method winner determination protocol
ISSN号1009-6124
DOI10.1007/s11424-010-9337-5
英文摘要To eliminate computational problems involved in evaluating multi-attribute bids with different measures, this article first normalizes each individual component of a bid, and then makes use of the weighted product method to present a new scoring function that converts each bid into a score. Two kinds of multi-attribute auction models are introduced in terms of scoring rules and bidding objective functions. Equilibrium bidding strategies, procurer's revenue comparisons and optimal auction design are characterized in these two models. Finally, this article discusses some improvement of robustness of our models, with respect to the assumptions.
WOS研究方向Mathematics
语种英语
WOS记录号WOS:000274950400015
出版者SPRINGER
源URL[http://ir.amss.ac.cn/handle/2S8OKBNM/10062]  
专题系统科学研究所
通讯作者Wang, Mingxi
作者单位1.Chinese Acad Sci, Acad Math & Syst Sci, MADIS, Beijing 100190, Peoples R China
2.Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China
3.City Univ Hong Kong, Dept Management Sci, Kowloon, Hong Kong, Peoples R China
推荐引用方式
GB/T 7714		 Wang, Mingxi,Liu, Shulin,Wang, Shouyang,et al. A weighted product method for bidding strategies in multi-attribute auctions[J]. JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,2010,23(1):194-208.
APA Wang, Mingxi,Liu, Shulin,Wang, Shouyang,&Lai, Kin Keung.(2010).A weighted product method for bidding strategies in multi-attribute auctions.JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY,23(1),194-208.
MLA Wang, Mingxi,et al."A weighted product method for bidding strategies in multi-attribute auctions".JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY 23.1(2010):194-208.

入库方式： OAI收割

来源：数学与系统科学研究院

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