Stavrogiannis, Lampros C. and Mitkas, Pericles A.,
Software Agents in Multiple Adaptive Double Auction Markets
Chrissikopoulos, Vassilios, Alexandris, Nikolaos, Douligeris, Christos and Sioutas, Spyros (eds.)
At 13th Panhellenic Conference on Informatics, Greece.
10 - 12 Sep 2009.
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.
Conference or Workshop Item
||Event Dates: 10-12 September 2009
|Venue - Dates:
||13th Panhellenic Conference on Informatics, Greece, 2009-09-10 - 2009-09-12
||Double Auction, Market Design, Trading Agent Competition
||Agents, Interactions & Complexity, Electronics & Computer Science
||30 May 2011 13:06
||17 Apr 2017 17:45
|Further Information:||Google Scholar|
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