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Solids: A Combinatorial Auction for Real Estate

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  • Dries R. Goossens

    (Faculty of Economics and Business Administration, Ghent University, 9000 Ghent, Belgium; and Center for Operations Research and Business Statistics (ORSTAT), Faculty of Business and Economics, Katholieke Universiteit Leuven, 3000 Leuven, Belgium)

  • Sander Onderstal

    (University of Amsterdam, 1018 WB Amsterdam, The Netherlands)

  • Jan Pijnacker

    (Stadgenoot, 1018 GW Amsterdam, The Netherlands)

  • Frits C. R. Spieksma

    (Katholieke Universiteit Leuven, 3000 Leuven, Belgium)

Abstract

In May 2011, our collaboration with housing corporation Stadgenoot culminated in the first combinatorial auction for housing space in a newly erected multistory building in Amsterdam in the Netherlands. Our primary goal was to allocate space based on the preferences of many potential users. The resulting allocation included space for restaurants, boutiques, a dentist, and residential users. The auction we designed maximized total rent for Stadgenoot while complying with municipal and building regulations. We based our design on laboratory experiments that gave us guidance on choices regarding, for example, pricing, feedback, and activity rules. This paper describes the development and the results of this auction.

Suggested Citation

  • Dries R. Goossens & Sander Onderstal & Jan Pijnacker & Frits C. R. Spieksma, 2014. "Solids: A Combinatorial Auction for Real Estate," Interfaces, INFORMS, vol. 44(4), pages 351-363, August.
    • Handle: RePEc:inm:orinte:v:44:y:2014:i:4:p:351-363
    DOI: 10.1287/inte.2014.0749
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    References listed on IDEAS

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    Cited by:

    1. Bart Vangerven & Dries R. Goossens & Frits C. R. Spieksma, 2021. "Using Feedback to Mitigate Coordination and Threshold Problems in Iterative Combinatorial Auctions," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 63(2), pages 113-127, April.
    2. Hendrik Wagenaar, 2017. "Why Prostitution Policy (Usually) Fails and What to Do about It?," Social Sciences, MDPI, vol. 6(2), pages 1-15, April.
    3. Thomas Kittsteiner & Marion Ott & Richard Steinberg, 2022. "Competing Combinatorial Auctions," Information Systems Research, INFORMS, vol. 33(4), pages 1130-1137, December.
    4. Vangerven, Bart & Goossens, Dries R. & Spieksma, Frits C.R., 2017. "Winner determination in geometrical combinatorial auctions," European Journal of Operational Research, Elsevier, vol. 258(1), pages 254-263.

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