Software Agents in Multiple Adaptive Double Auction Markets

Stavrogiannis, Lampros C. and Mitkas, Pericles A. (2009) Software Agents in Multiple Adaptive Double Auction Markets. In, 13th Panhellenic Conference on Informatics, Corfu, Greece, 10 - 12 Sep 2009. IEEE Computer Society, 48-52.


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The prevalence of on-line auctions has stimulated the interest of both the economists and computer scientists in an effort to understand and improve their rules. One famous form of these economic mechanisms is the double auction and, more specifically, the continuous double auction which is commonly used in today’s major stock exchanges worldwide. Software agents constitute a promising tool for the study and implementation of novel double auction mechanisms. TAC Market Design tournament makes an attempt to study the competition among such dynamically adjusted market institutions trying to attract potential traders while maximizing their profit. In this paper we describe the tournament and discuss about the importance of the global competitive equilibrium in its economy. Moreover, we provide a simple, yet effective estimation technique for the latter that our entrant, Mertacor, has utilized during the games of 2008.

Item Type: Conference or Workshop Item (Paper)
Additional Information: Event Dates: 10-12 September 2009
ISBNs: 9780769537887
Keywords: Double Auction, Market Design, Trading Agent Competition
Divisions : Faculty of Physical Sciences and Engineering > Electronics and Computer Science
Faculty of Physical Sciences and Engineering > Electronics and Computer Science > Agents, Interactions & Complexity
ePrint ID: 272367
Accepted Date and Publication Date:
September 2009Published
Date Deposited: 30 May 2011 13:06
Last Modified: 31 Mar 2016 14:21
Further Information:Google Scholar

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