DocumentCode
2019295
Title
Using unsuccessful auction bids to identify latent demand
Author
Huberman, Bernardo A. ; Hogg, Tad ; Swami, Arun
Author_Institution
HP Sand Hill Lab., Palo Alto, CA, USA
Volume
5
fYear
2001
fDate
2001
Firstpage
2911
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
electronic commerce; multi-agent systems; combinatorial auctions; e-commerce systems; electronic economy; information on demand; latent demand; multiagent systerns; Consumer electronics; Cost accounting; Data mining; Internet; Laboratories; Mobile handsets; Multiagent systems; Pricing; Resource management; Space shuttles;
fLanguage
English
Publisher
ieee
Conference_Titel
Systems, Man, and Cybernetics, 2001 IEEE International Conference on
Conference_Location
Tucson, AZ
ISSN
1062-922X
Print_ISBN
0-7803-7087-2
Type
conf
DOI
10.1109/ICSMC.2001.971952
Filename
971952
Link To Document