Mechanism design (MD) has recently become a very popular approach in the design of distributed systems of autonomous agents. A key assumption required for the application of MD is...
Imagine a resource allocation scenario in which the interested parties can, at a cost, individually research ways of using the resource to be allocated, potentially increasing the...
Sequential and simultaneous auctions are two important mechanisms for buying/selling multiple objects. These two mechanisms yield different outcomes (i.e., different revenues and a...
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...
With the advancement of Internet Technology, increasing number of electronic marketplaces and online auction houses provides real-time transaction services for buyers and sellers ...