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2003 IEEE International Conference on E-Commerce Technology (CEC'03)
Trade Determination in Multi-Attribute Exchanges
Newport Beach, California
June 24-June 27
ISBN: 0-7695-1969-5
S Kameshwaran, Indian Institute of Science
Y Narahari, Indian Institute of Science
Electronic exchanges are double-sided marketplaces that allow multiple buyers to trade with multiple sellers, with aggregation of demand and supply across the bids to maximize the revenue in the market. Two important issues in the design of exchanges are (1) trade determination (determining the number of goods traded between any buyer-seller pair) and (2) pricing. In this paper we address the trade determination issue for one-shot, multi-attribute exchanges that trade multiple units of the same good. The bids are configurable with separable additive price functions over the attributes and each function is continuous and piecewise linear. We model trade determination as mixed integer programming problems for different possible bid structures and show that even in two-attribute exchanges, trade determination is NP-hard for certain bid structures. We also make some observations on the pricing issues that are closely related to the mixed integer formulations.
Citation:
S Kameshwaran, Y Narahari, "Trade Determination in Multi-Attribute Exchanges," cec, pp.173, 2003 IEEE International Conference on E-Commerce Technology (CEC'03), 2003
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