What the 2007 TAC Market Design Game tells us about effective auction mechanisms
Niu, Jinzhong, Cai, Kai, Parsons, Simon, McBurney, Peter and Gerding, Enrico H. (2010) What the 2007 TAC Market Design Game tells us about effective auction mechanisms. Autonomous Agents and Multi-Agent Systems, 21, (2), 172-203. (doi:10.1007/s10458-009-9110-0).
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This paper analyzes the entrants to the 2007 TAC Market Design Game. We present a classification of the entries to the competition, and use 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.
|Keywords:||double auction, mechanism design, trading agent competition|
|Subjects:||H Social Sciences > HF Commerce
Q Science > QA Mathematics > QA75 Electronic computers. Computer science
|Divisions:||Faculty of Physical Sciences and Engineering > Electronics and Computer Science > Agents, Interactions & Complexity
|Date Deposited:||21 Feb 2010 17:52|
|Last Modified:||31 Jul 2013 10:50|
|Further Information:||Google Scholar|
|ISI Citation Count:||5|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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