Bichler, MartinPikovsky, AlexanderSetzer, Thomas2018-01-162018-01-1620052005https://dl.gi.de/handle/20.500.12116/12456Combinatorial auctions are promising auction formats for industrial and public procurement. Potential advantages of using combinatorial auctions include decreased overall spend, low transaction costs for multi-item negotiations, fairness and market transparency for suppliers, as well as high allocative efficiency. A number of fundamental design considerations are relevant to the application of combinatorial auctions in procurement. In addition, procurement specialists need to consider several domain-specific requirements, such as additional side constraints as well as alternative multidimensional bid types.Combinatorial AuctionCombinatorial OptimizationMultidimensional AuctionProcurementText/Journal Article1861-8936