By Topic

A novel auction mechanism for selling time-sensitive e-services

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
Juong-Sik Lee ; Optimaret, Inc., Newtonville, NY, USA ; Szymanski, B.K.

Many e-services are time-sensitive as the users request them for a specific time period. Such services need to be repeatedly offered to keep them constantly utilized. This paper studies winner selection strategies in a recurring auction for such time-sensitive e-services. We observe that because of uneven wealth distribution, the least wealthy bidders tend to drop out of recurring auction as they persistently loose. The bidders dropping out of an auction decrease competition and can cause a collapse of winning prices. We propose and evaluate a novel auction mechanism that enables bidder drop control. Compared to traditional auction mechanisms, ours increases revenue of the e-service provider and decreases loss of fairness of the e-service allocation.

Published in:

E-Commerce Technology, 2005. CEC 2005. Seventh IEEE International Conference on

Date of Conference:

19-22 July 2005