Journal of Northeastern University(Natural Science)

Journal of Northeastern University ›› 2006, Vol. 27 ›› Issue (11): 1193-1195.DOI: -

• OriginalPaper • Previous Articles     Next Articles

Design of multi-item double auction mechanism

Huang, Hai-Xin (1); Xue, Shi-Tong (1); Wang, Ding-Wei (1)   

  1. (1) School of Information Science and Engineering, Northeastern University, Shenyang 110004, China
  • Received:2013-06-23 Revised:2013-06-23 Online:2006-11-15 Published:2013-06-23
  • Contact: Huang, H.-X.
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Abstract: The multi-item double auction involves multiple buyers and sellers in making offer for various articles. The mechanism of such an auction is studied and designed with two rules set up and proved. Then, a concise and applicable model is developed to determine the clearing price and match well the buyers and sellers for various articles. The arithmetic provided from the mechanism designed is extended to fit the four classic auctions, and it is very simple for auctioneer to operate. Furthermore, it can be applied to decision optimization models.

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