TITLE:
A Novel Scoring Auction for Agricultural Supply Chain Trading
AUTHORS:
Huibing Cheng, Yang Zhang, Hong He, Shanshui Zheng
KEYWORDS:
Agricultural Supply Chain Trading, Scoring Auction, Poverty Alleviation, Multi-Attribution Auction
JOURNAL NAME:
Open Access Library Journal,
Vol.10 No.11,
November
29,
2023
ABSTRACT: Due to the various and obsolete nature, fresh agricultural product has enormous unused value. It is significant to design multi-attribution auction for agricultural supply chain trading (ASCT). This paper proposes a novel scoring auction for agricultural supply chain trading. In such a mechanism, poverty alleviation is considered. A second-preferred-score and a Vickrey-Clarke-Groves score (VCG-score) auctions for both single-unit and multi-unit multi-attribute cases are used to realize incentive compatible, allocatively efficient, individually rational, budget balanced. Additionally, two types of auction models have incorporated poverty alleviation, which also achieve the same properties. The effectiveness and robustness of our mechanism are verified by numerical study.