Government Procurement Combinatorial Auction Mechanism
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Abstract:
Procurement for various items in enterprises is often implemented by combinatorial auctions, which is also called procurement combinatorial auctions. The authors propose MA-VCG, an efficient multi-attributes procurement combinatorial auction, in which agents will bid for combinational supply of items with truthful report. Besides incentive compatible, MA-VCG also holds the budget balance and individual rationality. Especially, the important characteristic of MA-VCG is that the mechanism focuses on the system gross utility as the optimization goal. The goal is and unique in procurement combinatorial auctions.
