Skip to main content
SpringerLink
Log in
Book cover

Encyclopedia of Wireless Networks pp 1–5Cite as

Auction

  • Living reference work entry
  • First Online:

  • 225 Accesses

Synonyms

Bidding; Transaction

Definitions

Auction is a concept from microeconomics, referring to the practice of buying and selling goods through the process of bidding. Auction participants include buyers, sellers, and the auctioneer, and the role of the auctioneer may be assumed by the seller, especially if there is a single seller. An auction mechanism is a series of rules specifying how an auction is conducted. The three most important components of an auction mechanism are the determination of the winners, the allocation of items, and the payment.

Historical Background

Auction is deemed as an effective way to assign items to buyers who value them the most. According to different numbers of participants, auctions can be categorized into three settings.

  • Forward auction. One seller, who also acts as the auctioneer, and multiple buyers.

  • Reverse auction. One buyer, who also acts as the auctioneer, and multiple sellers.

  • Double auction. Multiple buyers, multiple sellers, and a...

This is a preview of subscription content, log in via an institution.

References

  • Chen Y, Zhang J, Wu K, Zhang Q (2014) TAMES: a truthful double auction for multi-demand heterogeneous spectrums. IEEE Trans Parallel Distrib Syst 25(11):3012–3024

    Google Scholar 

  • Clarke EH (1971) Multipart pricing of public goods. Public Choice 11(1):17–33

    Google Scholar 

  • Feng X, Chen Y, Zhang J, Zhang Q, Li B (2012) TAHES: a truthful double auction mechanism for heterogeneous spectrums. IEEE Trans Wirel Commun 11(11): 4038–4047

    Google Scholar 

  • Groves T (1973) Incentives in teams. Econ J Econ Soc 41(4):617–631

    Google Scholar 

  • Han Z, Su GM, Wang H, Ci S, Su W (2009) Auction-based resource allocation for cooperative video transmission protocols over wireless networks. EURASIP J Adv Sig Process 2009:4

    Google Scholar 

  • Iosifidis G, Gao L, Huang J, Tassiulas L (2015) A double-auction mechanism for mobile data-offloading markets. IEEE/ACM Trans Netw (TON) 23(5):1634–1647

    Google Scholar 

  • Jia J, Zhang Q, Zhang Q, Liu M (2009) Revenue generation for truthful spectrum auction in dynamic spectrum access. In: The 10th international symposium on mobile ad hoc networking and computing. ACM, pp 3–12

    Google Scholar 

  • Liu Y, Tao M, Huang J (2013) An auction approach to distributed power allocation for multiuser cooperative networks. IEEE Trans Wirel Commun 12(1):237–247

    Google Scholar 

  • Luo T, Kanhere SS, Huang J, Das SK, Wu F (2017) Sustainable incentives for mobile crowdsensing: auctions, lotteries, and trust and reputation systems. IEEE Commun Mag 55(3):68–74

    Google Scholar 

  • McAfee RP (1992) A dominant strategy double auction. J Econ Theory 56(2):434–450

    Google Scholar 

  • Vickrey W (1961) Counterspeculation, auctions, and competitive sealed tenders. J Financ 16(1):8–37

    Google Scholar 

  • Wang S, Xu P, Xu X, Tang S, Li X, Liu X (2010) TODA: truthful online double auction for spectrum allocation in wireless networks. In: IEEE symposium on new frontiers in dynamic spectrum. IEEE, pp 1–10

    Google Scholar 

  • Zheng Z, Wu F, Chen G (2015) A strategy-proof combinatorial heterogeneous channel auction framework in noncooperative wireless networks. IEEE Trans Mob Comput 14(6):1123–1137

    Google Scholar 

  • Zhou X, Zheng H (2009) TRUST: a general framework for truthful double spectrum auctions. In: International conference on computer communications. IEEE, pp 999–1007

    Google Scholar 

  • Zhou X, Gandhi S, Suri S, Zheng H (2008) eBay in the sky: strategy-proof wireless spectrum auctions. In: The 14th annual international conference on mobile computing and networking. ACM, pp 2–13

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. School of Computer Science, Wuhan University, Wuhan, People’s Republic of China

    Yanjiao Chen

  2. Department of Computer Science and Engineering, Hong Kong University of Science and Technology, Hong Kong, People’s Republic of China

    Qian Zhang

Authors
  1. Yanjiao Chen
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Qian Zhang
    View author publications

    You can also search for this author in PubMed Google Scholar

Corresponding author

Correspondence to Yanjiao Chen .

Editor information

Editors and Affiliations

  1. Department of Electrical and Computer Engineering, University of Waterloo , Waterloo, Ontario, Canada

    Xuemin (Sherman) Shen

  2. Faculty of Business and Information Technology, University of Ontario Institute of Technology, Oshawa, Ontario, Canada

    Xiaodong Lin

  3. Dpt.of Electrical & Computer Engineering, University of Nebraska–Lincoln, Omaha, Nebraska, USA

    Kuan Zhang

Section Editor information

  1. No affiliation provided

    Jianwei Huang

  2. No affiliation provided

    Yuan Luo

Rights and permissions

Reprints and permissions

Copyright information

© 2018 Springer International Publishing AG, part of Springer Nature

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Chen, Y., Zhang, Q. (2018). Auction. In: Shen, X., Lin, X., Zhang, K. (eds) Encyclopedia of Wireless Networks. Springer, Cham. https://doi.org/10.1007/978-3-319-32903-1_27-1

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-32903-1_27-1

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-32903-1

  • Online ISBN: 978-3-319-32903-1

  • eBook Packages: Springer Reference Computer SciencesReference Module Computer Science and Engineering

Publish with us

Policies and ethics

Search

Navigation