Future agent mediated eCommerce will involve open systems of agents interoperating between different institutions, where different auction protocols may be in use. We argue that i...
For a dynamic, evolving multiagent auction, we have developed an adaptive agent bidding strategy (called the p-strategy) based on stochastic modeling. The p-strategy takes into ac...
Sunju Park, Edmund H. Durfee, William P. Birmingha...
Agent based online auctions have not yet become popular because they are not trustable. One of the major concerns in agent based online auctions is the shilling behavior problem, w...
We present the design and analysis of an approximately incentive-compatible combinatorial auction. In just a single run, the auction is able to extract enough value information fr...
The monopolist’s theory of optimal single-item auctions for agents with independent private values can be summarized by two statements. The first is from Myerson [8]: the optim...