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< BACK Combinatorial Auctions Edited by Peter Cramton, Yoav Shoham and Richard Steinberg Foreword by Vernon L. Smith Endorsements"The study of combinatorial auctions has importance both practical and theoretical. In combinatorial auctions, our elegant models of resource allocation confront the true complexity of markets, where potential traders compete to buy or sell many different but related goods. Combinatorial auctions are the great frontier of auction theory today, and this book provides a state-of-the-art survey of this exciting field."—Roger Myerson, University of Chicago, Nobel Prize in Economics 2007 "This important volume addresses many of the crucial issues in modern auction design. Containing insightful contributions from many of the world's leading market designers and auction theorists, it will be an essential reference for scholars and practitioners alike." —Paul Klemperer, Oxford University "Combinatorial auctions is an important interdisciplinary field combining issues from economics, game theory, optimization, and computer science. The book presents a great collection of state-of-the-art surveys with a well-balanced view integrating all aspects. A very impressive accomplishment! It will help us all appreciate the full range of issues, and will be a great reference for years to come." —Eva Tardos, Cornell University "'Smart' markets, which allow participants to bid for packages of items, are now an attractive option for sales and procurements in a variety of settings. This book provides a comprehensive overview of both theoretical considerations and practical details. It is remarkable for combining economics, game theory, optimization, and computer science in a unified perspective. Combinatorial Auctions is a major advance in the theory and practice of market design." —Robert Wilson, Stanford University |
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