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SIGECOM
2008
ACM
220views ECommerce» more  SIGECOM 2008»
13 years 8 months ago
Better redistribution with inefficient allocation in multi-unit auctions with unit demand
For the problem of allocating one or more items among a group of competing agents, the Vickrey-Clarke-Groves (VCG) mechanism is strategy-proof and efficient. However, the VCG mech...
Mingyu Guo, Vincent Conitzer
CI
2007
130views more  CI 2007»
13 years 8 months ago
Price Dynamics, Informational Efficiency, and Wealth Distribution in Continuous Double-Auction Markets
This paper studies the properties of the continuous double auction trading mechanishm using an artificial market populated by heterogeneous computational agents. In particular, we...
Javier Gil-Bazo, David Moreno, Mikel Tapia
CIA
1998
Springer
14 years 1 months ago
Cooperative vs. Competitive Multi-Agent Negotiations in Retail Electronic Commerce
A key lesson learned from economic and game theory research is that negotiation protocols have substantial, rippling effects on the overall nature of the system. online auctions a...
Robert H. Guttman, Pattie Maes
KESAMSTA
2009
Springer
14 years 3 months ago
An Approximate Model for Bidders in Sequential Automated Auctions
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”...
Erol Gelenbe, Kumaara Velan
IJCAI
2007
13 years 10 months ago
Sequential Bundle-Bid Single-Sale Auction Algorithms for Decentralized Control
We study auction-like algorithms for the distributed allocation of tasks to cooperating agents. To reduce the team cost of sequential single-item auction algorithms, we generalize...
Sven Koenig, Craig A. Tovey, Xiaoming Zheng, Ilgaz...