Concurrent Auctions Across The Supply Chain

7 years 9 months ago
Concurrent Auctions Across The Supply Chain
With the recent technological feasibility of electronic commerce over the Internet, much attention has been given to the design of electronic markets for various types of electronically-tradable goods. Such markets, however, will normally need to function in some relationship with markets for other related goods, usually those downstream or upstream in the supply chain. Thus, for example, an electronic market for rubber tires for trucks will likely need to be strongly influenced by the rubber market as well as by the truck market. In this paper we design protocols for exchange of information between a sequence of markets along a single supply chain. These protocols allow each of these markets to function separately, while the information exchanged ensures efficient global behavior across the supply chain. Each market that forms a link in the supply chain operates as a double auction, where the bids on one side of the double auction come from bidders in the corresponding segment of th...
Moshe Babaioff, Noam Nisan
Added 19 Aug 2011
Updated 19 Aug 2011
Type Journal
Year 2011
Where CORR
Authors Moshe Babaioff, Noam Nisan
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