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An inverse or negative auction

Cioni, Lorenzo (2010) An inverse or negative auction. Technical Report del Dipartimento di Informatica . Università di Pisa, Pisa, IT.

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    In this Technical Report we describe a type of auction mechanism where the auctioneer <strong>A</strong> wants to auction an item among a certain number of bidders of a set <strong>B</strong> that submit bids in the auction with the aim of not getting that item. Owing to this feature we call this mechanism an <strong>inverse</strong> or <strong>negative</strong> auction. The main motivation of this mechanism is that both the bidders and the auctioneer give a negative value to the auctioned item (and so they see it as a bad rather than a good). The mechanism is presented in its basic simple version and with some possible extensions that account for the payment of a fee for not attending the auction, the interactions among the bidders and the presence of other supporting actors.

    Item Type: Book
    Uncontrolled Keywords: Auctions, allocations
    Subjects: Area01 - Scienze matematiche e informatiche > INF/01 - Informatica
    Divisions: Dipartimenti (until 2012) > DIPARTIMENTO DI INFORMATICA
    Depositing User: dott.ssa Sandra Faita
    Date Deposited: 04 Dec 2014 09:49
    Last Modified: 04 Dec 2014 09:49
    URI: http://eprints.adm.unipi.it/id/eprint/2261

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