Journal of Economic Literature Vol. 62 No. 2 2024

Combinatorial Auctions in Practice

Ignacio Palacios-Huerta¹; David C. Parkes²; Richard Steinberg³

¹ London School of Economics and Political Science and Ikerbasque Foundation at UPV/EHU. · ² Harvard University · ³ London School of Economics and Political Science

Abstract

We survey the uses of combinatorial auctions that have been deployed in practice, giving emphasis to their key representational and economic aspects. In addition, we discuss behavioral economics considerations on both the bidder and auctioneer sides of the market, and the interrelated topics of simplicity and trust, highlighting key opportunities for future work.

DOI

10.1257/jel.20221679

Volume

62

Issue

2

Pages

517-553

Language

en

Sources

bibtex:phds-export.bib openalex crossref

Cite

APA 7 MLA 9 Chicago (author–date) Harvard Elsevier Harvard (JFE, JBF…) The Accounting Review Academy of Management American Marketing Association INFORMS (Management Science) Copy citation Copied ✓