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2.2.3 Combinatorial Auctions
Combinatorial auction is the most generic form of auctions, which allows different kinds of good to be traded at once, unlike the single-good auctions discussed in the above sections.
Real-world applications of the combinatorial auctions so far include the auctions for radio spectrum, energy, shipping paths, and corporate procurement [13].
The agents in the combinatorial auctions have nonadditive valuation functions.
The advantage of the combinatorial auctions is their ability to simplify the agent's strategy.
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