Implementation of Combinatorial Auctions in a Dynamic Web Application

Abstract

his project focuses on the Implementation of Combinatorial Auctions within a Dynamic Web Application, leveraging key technologies such as MySQL, React, and Python for addressing the Winner Determination Problem. It addresses the universal human behavior of price negotiation, highlighting the limitations of traditional auctions and the potential of online combinatorial auctions. Through comprehensive chapters, it delves into the core concepts of auction mechanisms, robust database management, intuitive frontend development, and the technical implementation of dynamic bidding algorithms. This endeavor aims to bridge the gap between traditional and innovative auction formats, offering a dynamic platform to conduct efficient and flexible combinatorial auctions in a user-friendly online environment.