SMR Auction

Simultaneous Multi-Round (SMR) auctions are a sophisticated auction format used in various industries to allocate multiple items to multiple bidders. Unlike traditional auctions where a single item is auctioned off in one round, SMR auctions involve multiple rounds where participants bid on a combination of items simultaneously. Bidders can adjust their bids in each round, allowing for more complex and efficient allocation of goods. The objective of an SMR auction is to maximize the overall satisfaction of participants by allocating items based on their preferences and bids. This format is particularly useful in scenarios where participants have varying preferences for bundles of items, such as in spectrum auctions, package bidding etc.