Market Engineering, SS 2014, gehalten am 03.06.2014

This lecture covers auction mechanisms for allocating goods which are sold in bundles. Basics of combinatorial auctions, the exposure problem are covered. The use case of the Generalized Vickrey Auction is dealt with in depth. The lecture wraps up with computational considerations for allocation and payment methods, and how computation costs can be considered in the mechanism design process, by applying suitable heuristics.