NDLI: Designing a Refundable Auction for Limited Capacity Suppliers

Content Provider	IEEE Xplore Digital Library
Author	Zhixing Huang Yuhui Qiu Matsubara, S.
Copyright Year	2007
Description	Author affiliation: Southwst Univ., Chongqing (Zhixing Huang; Yuhui Qiu)
Abstract	In this paper, we explore two categories of auction-based mechanisms for task allocation in environments where service providers have finite capacities and consumers could withdraw their bids. We specially explore the auction- based refund mechanisms for boosting seller's revenue from the single stage and multistage perspectives. Among these methods, fixed cancellation fee auction and decreasing cancellation fee auction mechanisms can satisfy incentive compatibility and individual rationality properties but still hold a high efficiency. In particular, the extension of decreasing cancellation fee auction mechanism can support overbooking in the form of the leveled commitment contract. The experimental results illustrate that these methods achieve higher efficiency than the traditional counterparts such as the fixed price-refund pair method.
Starting Page	104
Ending Page	109
File Size	169665
Page Count	6
File Format	PDF
ISBN	0769530079
DOI	10.1109/SKG.2007.72
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-10-29
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Uncertainty Protocols Multidimensional systems Financial management Knowledge management Resource management Environmental economics Artificial intelligence Cost accounting Quality management
Content Type	Text
Resource Type	Article

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