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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), pp. 172-203.

Record type: Article


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.

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Published date: 1 September 2010
Keywords: double auction, mechanism design, trading agent competition
Organisations: Agents, Interactions & Complexity


Local EPrints ID: 268531
ISSN: 1387-2532
PURE UUID: eb01aa4b-1fd3-4f18-98c7-b8a5e430c805

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Date deposited: 21 Feb 2010 17:52
Last modified: 26 Sep 2017 05:02

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Author: Jinzhong Niu
Author: Kai Cai
Author: Simon Parsons
Author: Peter McBurney
Author: Enrico H. Gerding

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