Solids: a combinatorial auction for a housing corporation

Authors
Publication date 2012
Host editors
  • P. Coles
  • S. Das
  • S. Lahaie
  • B. Szymanski
Book title Auctions, Market Mechanisms, and Their Applications
Book subtitle Second International ICST Conference, AMMA 2011, NewYork, NY, USA, August 22-23, 2011 : revised selected papers
ISBN
  • 978-3642309120
ISBN (electronic)
  • 978-3-642-30913-7
Series Lecture Notes of the Institute for Computer Sciences, Social Informatics and Telecommunications Engineering
Event AMMA 2011: The Second Conference on Auctions, Market Mechanisms and Their Applications
Pages (from-to) 76-87
Publisher Heidelberg: Springer
Organisations
  • Faculty of Economics and Business (FEB) - Amsterdam School of Economics Research Institute (ASE-RI)
Abstract
On May 7, 2011, over one hundred bidders took part in a combinatorial auction for housing space in a newly erected building in Amsterdam (the Netherlands). This paper describes the development of this auction. We sketch our collaboration with the housing corporation that resulted in design choices with respect to first/second price, feedback, number of rounds, and tractability of the combinatorial auction. Furthermore, the winner determination problem is complicated by various municipal and building regulations that the allocation needs to satisfy. We show how these regulations can be included in an integer program that is used to solve the winner determination problem. Finally, computational experiments illustrate the tractability of this model.
Document type Conference contribution
Language English
Published at https://doi.org/10.1007/978-3-642-30913-7_20
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