In this paper, we propose a probabilistic model to study the interaction of bidder and seller agents in sequential automated auctions. We consider a designated “special bidder”...
Online auction Web sites are fast changing, highly dynamic, and complex as they involve tremendous sellers and potential buyers, as well as a huge amount of items listed for biddi...
We consider the problem of designing truthful auctions, when the bidders' valuations have a public and a private component. In particular, we consider combinatorial auctions w...
Auctions are useful mechanism for allocating items (goods, tasks, resources, etc.) in multiagent systems. The bulk of auction theory assumes that the bidders’ valuations for ite...
Abstract— Shill bidding is where spurious bids are introduced into an auction to drive up the final price for the seller, thereby defrauding legitimate bidders. Trevathan and Re...