Analysis of incentive compatible decisions in a multicriteria auction

Lech Kruś (), Jan Skorupiński () and Eugeniusz Toczyłowski ()

Operations Research and Decisions, 2013, vol. 23, issue 3, 23-33

Abstract: An iterative multicriteria closed-auction conducted with the use of a multi-agent computer-based system is analyzed. This system supports the submission of offers, multicriteria analysis carried out by the organizer of the auction, simulation, and analysis of the behavior of competing bidders. Analysis of incentive compatible decisions is the main subject of this research. A mathematical formulation of the decision making problem and selected results of a bidding session conducted using this system are presented and analyzed.

Keywords: multicriteria auction; incentive compatible decisions; multi-agent systems; multicriteria optimization (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:3:y:2013:p:23-33:id:1096

DOI: 10.5277/ord130302

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