This website uses cookies.

By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device to enhance site navigation and analyze site performance and traffic. For more information on our use of cookies, please see our Privacy Policy.

  1. Home
  2. Journals
  3. Journal of Economic Literature
  4. June 2024
  5. Combinatorial Auctions in Practice

Journal of Economic Literature

ISSN 0022-0515 (Print) | ISSN 2328-8175 (Online)

Combinatorial Auctions in Practice

  • Ignacio Palacios-Huerta
  • David C. Parkes
  • Richard Steinberg
Journal of Economic Literature
vol. 62, no. 2, June 2024
(pp. 517–53)
Download Full Text PDF

Abstract

We survey the uses of combinatorial auctions that have been deployed in practice, giving emphasis to their key representational and economic aspects. In addition, we discuss behavioral economics considerations on both the bidder and auctioneer sides of the market, and the interrelated topics of simplicity and trust, highlighting key opportunities for future work.

Citation

Palacios-Huerta, Ignacio, David C. Parkes, and Richard Steinberg. 2024. "Combinatorial Auctions in Practice." Journal of Economic Literature, 62 (2): 517–53. DOI: 10.1257/jel.20221679

Additional Materials

JEL Classification

  • D44 Auctions
  • D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making