At 6th of May, we have a guest speaket from TU-Delft. His name is Mathijs de Weerdt. He presented his ACM paper regarding the Qualitative Vickrey Auction concept. A concept at which bidders and auctioneers (centers by his definition) put the agreement of the bid not based on the monetary value (highest or lowest price) but based on the offer demand attributes suitability rank.
He explained this concept in the reversed auction environment example. A concept at which the auctioneer has already defined the rank of offers preferences (the offer contains of many attributes). And the bidder that submits the offer of highest rank wins. The winner bidder then can choose to deliver the offer ranges from his bid point offer to the second highest bidder point offer (Vickrey Auction).
Nice concept, based on the attributes rank preferences. For more explanation you are welcomed to browse our site to download the paper directly (http://large.rsm.nl/meetings.xml).
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