Using Unsuccessful Auction Bids to Identify Latent Demand

Bernardo A. Huberman, Tad Hogg and Arum Swami

No 22, Computing in Economics and Finance 2001 from Society for Computational Economics

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.

Keywords: combinatorial auctions; bots; demand curves (search for similar items in EconPapers)
JEL-codes: D44 D82 (search for similar items in EconPapers)
Date: 2001-04-01
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Persistent link: https://EconPapers.repec.org/RePEc:sce:scecf1:22

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