Using Unsuccessful Auction Bids to Identify Latent Demand

We propose using the information revealed through auctions, including in particular the unsuccessful bids, to identify latent demand. Applied to combinatorial auctions for bundles of goods, this information can identify new bundles with particularly high valuations, expressed by their high complementarity. We present a simple algorithm for identifying these bundles, suitable for use with agent-based ecommerce systems.

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Year of publication:	2001-04-01
Authors:	Huberman, Bernardo A. ; Hogg, Tad ; Swami, Arum
Institutions:	Society for Computational Economics - SCE
Subject:	combinatorial auctions \| bots \| demand curves

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Series:	Computing in Economics and Finance 2001.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series Computing in Economics and Finance 2001 Number 22
Classification:	D44 - Auctions ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005345616