Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition
Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition
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.
Niu, Jinzhong
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Cai, Kai
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Gerding, Enrico
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McBurney, Peter
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Parsons, Simon
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May 2008
Niu, Jinzhong
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Cai, Kai
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Gerding, Enrico
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McBurney, Peter
dc60c2e9-5ea9-46cf-915f-05d1e39826f9
Parsons, Simon
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Niu, Jinzhong, Cai, Kai, Gerding, Enrico, McBurney, Peter and Parsons, Simon
(2008)
Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition.
The 7th International Conference on Autonomous Agents and Multiagent Systems, Estoril, Portugal.
12 - 16 May 2008.
Record type:
Conference or Workshop Item
(Other)
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.
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aamas08-cats.pdf
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More information
Published date: May 2008
Additional Information:
Event Dates: May 12-16
Venue - Dates:
The 7th International Conference on Autonomous Agents and Multiagent Systems, Estoril, Portugal, 2008-05-12 - 2008-05-16
Organisations:
Agents, Interactions & Complexity
Identifiers
Local EPrints ID: 265313
URI: http://eprints.soton.ac.uk/id/eprint/265313
PURE UUID: 6dbf8681-ab99-415b-8129-d768caa7176d
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Date deposited: 11 Mar 2008 15:52
Last modified: 15 Mar 2024 03:23
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Contributors
Author:
Jinzhong Niu
Author:
Kai Cai
Author:
Enrico Gerding
Author:
Peter McBurney
Author:
Simon Parsons
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