Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
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Multi –item forward auctionsSet <strong>of</strong> items to be sold = {A, B, C, D, E}Two bidders submit the bundled bidsBundles <strong>of</strong> Bidder 1 Bundles <strong>of</strong> Bidder 2[100, {A,C,D}] [50, {E}][150, {A,B,C}][200, {C, E}]Only one bundlefrom each buyerEach item j isconsidered onlyonce[50, {A,B}][75, {B,C}][75, {D, E}]set <strong>of</strong> items to be soldthebidsetfrombidderibidder ip i (S) Price <strong>of</strong>fered by bidder i for bundle S
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