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Tuesday, July 01, 2008
10:00 AM - 11:00 AM
CNLS Conference Room (TA-3, Bldg 1690)


Pricing Algorithms for Combinatorial Auctions

Robert (Bob) Day
University of Connecticut

Combinatorial auctions involve the sale of several interrelated goods and allow bidders to bid on packages or combinations of goods, rather than just individual items. In this talk I give an overview of combinatorial auctions and their application to a wide variety of scarce-resource allocation problems. After giving an overview of applications and general complexity results, I will discuss payment determination algorithms, in particular the "core" payment paradigm now being implemented in the United Kingdom for spectrum license auctions. The various algorithmic and game-theoretic properties of this payment mechanism will be introduced.

Host: Cory Hauck, CCS-2