A modular framework for iterative combinatorial auctions

  • Authors:
  • Séstien Lahaie;David C. Parkes

  • Affiliations:
  • Yahoo Research;Harvard University

  • Venue:
  • ACM SIGecom Exchanges
  • Year:
  • 2008

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Abstract

We describe a modular elicitation framework for iterative combinatorial auctions. The framework includes proxy agents, each of which can adopt an individualized bidding language to represent partial value information of a bidder. The framework leverages algorithms from query learning to elicit value information via bids as the auction progresses. The approach reduces the multi-agent elicitation problem to isolated, single-agent learning problems, with competitive equilibrium prices used to facilitate auction clearing even without complete learning.