In addition to useful Economic interpretation, auction based algorithms are generally found to be efficient. In this note, we observe that the auction-based mechanism can also be u...
In this paper, we analyse how traders select marketplaces and bid in a setting with multiple competing marketplaces. Specifically, we use a fictitious play algorithm to analyse the...
Bing Shi, Enrico H. Gerding, Perukrishnen Vyteling...
Auctions are a well-established mechanism for efficient allocation of scarce resources and as such have already become a standard approach for pricing QoS-enabled future Internet ...
In many market settings, agents do not know their preferences a priori. Instead, they may have to solve computationally complex optimization problems, query databases, or perform ...