Future agent mediated eCommerce will involve open systems of agents interoperating between different institutions, where different auction protocols may be in use. We argue that i...
To come to a deal, a bargaining process can sometimes take a long time. An auction may be a faster, but existing auction models cannot cope with situations where money is not an is...
In this paper, we derive optimal bidding strategies for a global bidder who participates in multiple, simultaneous second-price auctions with perfect substitutes. We first conside...
Enrico H. Gerding, Rajdeep K. Dash, David C. K. Yu...
Ensuring truthfulness amongst self-interested agents bidding against one another in an auction can be computationally expensive when prices are determined using the Vickrey-Clarke-...
Consider selling bundles of indivisible goods to buyers with concave utilities that are additively separable in money and goods. We propose an ascending auction for the case when ...
Sushil Bikhchandani, Sven de Vries, James Schummer...