We discuss a solution to the winner determination problem which takes into account not only costs but also risk aversion of the agent that accepts the bids. We are interested in b...
In a combinatorial auction, a set of resources is for sale, and agents can bid on subsets of these resources. In a voting setting, the agents decide among a set of alternatives by...
Online auctions are increasingly being used as a medium to procure goods and services. As the number of auction sites increases, however, consumers will inevitably want to track a...
Iterative auctions have many computational advantages over sealed-bid auctions, but can present new possibilities for strategic manipulation. We propose a two-stage technique to m...
This paper takes an economic approach to derive an evolutionary learning model based entirely on the endogenous employment of genetic operators in the service of self-interested a...