Bernardo A. Huberman, Tad Hogg and Arun Swami
Information Dynamics
HP Labs
Abstract
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.
Full paper: PDF (12/6 version)
|
printable version
