Multi-attribute double auction mechanism for transportation service procurement under crowdsourcing mode

• 1、Wuhan University of Science and Technology，Research Center for Science and Engineering，Wuhan 430081
• 2、Evergrande School of Management, Wuhan University of Science and Technology, Wuhan 430081

Abstract：With the rise of e-commerce, the procurement of transportation services based on crowdsourcing logistics platforms is increasingly developing in China\'s double market. Transportation cost, transportation time and load capacity have become important factors for the contracting parties when selecting transportation services. Nevertheless, existing procurement mechanisms for transportation services rarely introduce multi-attribute requirements into a double transaction environment, and ignore the actual transaction costs in the market. Based on the double auction theory, this paper designs a multi-unit and multi-attribute double auction mechanism considering transaction costs. Theoretical analysis shows that the mechanism not only meets the multi-attribute requirements of the contracting party, but also satisfies individual rationality, weak budget balance and material balance on the basis of pursuing the maximization of social welfare, and guides both parties to report real private value. Finally, an example analysis shows that the mechanism is efficient. The mechanism takes into account transaction costs and meets the actual needs of the contracting party for price attributes and non-price attributes in transportation services, and helps to achieve efficient procurement of transportation services in double markets.

Keywords： multi-attribute double auction transportation service procurement crowdsourcing incentive compatibility transaction cost