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Characterizing effective auction mechanisms: Insights from the 2007 TAC market design competition

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
dc60c2e9-5ea9-46cf-915f-05d1e39826f9
Parsons, Simon
979d203f-915a-42f6-a6d7-3a5edaf834c6
Niu, Jinzhong
f2a9ebdc-629b-4a9a-a01d-8fd1c9279895
Cai, Kai
95ea0dad-7fa4-4a1c-bedf-6d22a4a831a2
Gerding, Enrico
d9e92ee5-1a8c-4467-a689-8363e7743362
McBurney, Peter
dc60c2e9-5ea9-46cf-915f-05d1e39826f9
Parsons, Simon
979d203f-915a-42f6-a6d7-3a5edaf834c6

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, 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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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, 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
ORCID for Enrico Gerding: ORCID iD orcid.org/0000-0001-7200-552X

Catalogue record

Date deposited: 11 Mar 2008 15:52
Last modified: 10 Dec 2019 01:44

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Contributors

Author: Jinzhong Niu
Author: Kai Cai
Author: Enrico Gerding ORCID iD
Author: Peter McBurney
Author: Simon Parsons

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