DIMACS Workshop on Auctions with Transaction Costs

March 22 - 23, 2007
DIMACS Center, CoRE Building, Rutgers University

Organizers:

Eric Rasmusen, Indiana University, erasmuse@indiana.edu

Michael Rothkopf, Rutgers University, rothkopf@rutcor.rutgers.edu

Tuomas Sandholm, Carnegie Mellon University, sandholm+@cs.cmu.edu

Call for Participation:

Until recently, auction theory largely assumed a world without transaction costs. This is now changing, and the change is having dramatic effects on auction theory. This workshop is intended to bring together researchers from various fields interested in contributing to auction theory that deals explicitly with transaction costs. Fields of interest include, economics, operations research, marketing, sociology and computer science. The topics of interest include all of the usual topics of auction theory, but in the presence of transaction costs in both simple and combinatorial auctions. This might include the following kinds of costs faced by bidders:

• in preparing to participate in auctions,
  • by learning their own values,
  • by learning about their potential competition, and
  • by learning auction rules,
• in participating in auctions,
• in continuing to participate in auctions once they have started, and
• in loss of privacy, and
• costs faced by bid takers,
• in preparing auctions
  • by qualifying bidders,
  • by defining lots, and
  • by assigning lots to auction sessions,
• in communicating about auctions,
• in conducting auctions, and
• in determining auction winners and prices.

Participants may want to present papers, participate in discussions, or just listen. Those wishing to present papers should provide by January 30, 2007 a title, abstract, and, if possible, a full paper. This can be done electronically to rothkopf@rutcor.rutgers.edu or by mail to:

Michael Rothkopf
RUTCOR, Rutgers University
640 Bartholomew Road
Piscataway, NJ 08854-8003, USA

The meeting organizers are Eric Rasmusen, Michael Rothkopf and Tuomas Sandholm. Others who have already indicated an intention to participate are Lawrence Ausubel, Dirk Bergmann, Otto Koppius, Kate Larson, David Parkes, and Okan Yilankaya.

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