Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition
Niu, Jinzhong, Cai, Kai, Gerding, Enrico, McBurney, Peter and Parsons, Simon (2008) Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition. At The 7th International Conference on Autonomous Agents and Multiagent Systems, Estoril, Portugal, 12 - 16 May 2008.
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Description/Abstract
This paper analyzes the entrants to the 2007 TAC Market Design competition. It presents a classification of the entries to the competition, and uses this classification to compare these entries. The paper also attempts to relate market dynamics to the auction rules adopted by these entries and their adaptive strategies via a set of post-tournament experiments. Based on this analysis, the paper speculates about the design of effective auction mechanisms, both in the setting of this competition and in the more general case.
| Item Type: | Conference or Workshop Item (Speech) |
|---|---|
| Additional Information: | Event Dates: May 12-16 |
| Divisions: | Faculty of Physical and Applied Science > Electronics and Computer Science > Agents, Interactions & Complexity |
| Item ID: | 265313 |
| Date Deposited: | 11 Mar 2008 15:52 |
| Last Modified: | 02 Mar 2012 13:43 |
| Contributors: | Niu, Jinzhong (Author) Cai, Kai (Author) Gerding, Enrico (Author) McBurney, Peter (Author) Parsons, Simon (Author) |
| Date: | May 2008 |
| Additional Information: | Event Dates: May 12-16 |
| Status: | Published |
| Further Information: | Google Scholar |
| URI: | http://eprints.soton.ac.uk/id/eprint/265313 |
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