Abstract
AbstractIn the following, we provide an overview of complexity inherent in the design of combinatorial auctions, and discuss how these challenges are addressed in various combinatorial auction formats.A combinatorial auction allows bidders to submit bids on bundles of objects and can be considered the pivotal example of a multiple object auctions. They also constitute a paradigmatic problem in algorithmic mechanism design. We provide an overview of both the computational complexity and strategic complexity inherent in the design of such auctions, and discuss how these challenges are addressed in various combinatorial auction formats.
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