Abstract

In this paper we describe a type of auction mechanism where the auctioneer A wants to auction an item among a certain number of bidders bi B that submit
bids in the auction with the aim of not getting .Owing to this feature we call this mechanism a negative auction. The main motivation of this mechanism is that both the bidders and the auctioneer give a negative value to the auctioned item (and so they see it as a bad rather than a good).The mechanism is presented in its basic simple version and with some possible extensions that account for the payment of a fee for not attending the auction, the interactions among the bidders and the presence of other supporting actors.

How to Cite
CIONI, Lorenzo. A Negative Auction. Global Journal of Computer Science and Technology, [S.l.], dec. 2010. ISSN 0975-4172. Available at: <https://computerresearch.org/index.php/computer/article/view/672>. Date accessed: 28 jan. 2020.