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Analysis of incentive compatible decisions in a multicriteria auction

Author

Listed:
  • Lech Kruś
  • Jan Skorupiński
  • Eugeniusz Toczyłowski

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.

Suggested Citation

  • Lech Kruś & Jan Skorupiński & Eugeniusz Toczyłowski, 2013. "Analysis of incentive compatible decisions in a multicriteria auction," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 23(3), pages 23-33.
    • Handle: RePEc:wut:journl:v:3:y:2013:p:23-33:id:1096
    DOI: 10.5277/ord130302
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