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Software Agents in Multiple Adaptive Double Auction Markets

Record type: Conference or Workshop Item (Paper)

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.

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Citation

Stavrogiannis, Lampros C. and Mitkas, Pericles A., (2009) 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. , pp. 48-52.

More information

Published date: September 2009
Additional Information: Event Dates: 10-12 September 2009
Venue - Dates: 13th Panhellenic Conference on Informatics, Greece, 2009-09-10 - 2009-09-12
Keywords: Double Auction, Market Design, Trading Agent Competition
Organisations: Agents, Interactions & Complexity, Electronics & Computer Science

Identifiers

Local EPrints ID: 272367
URI: http://eprints.soton.ac.uk/id/eprint/272367
ISBN: 978-0-7695-3788-7
PURE UUID: 963624fd-9ec7-4786-bce7-477d31b7e0db

Catalogue record

Date deposited: 30 May 2011 13:06
Last modified: 18 Jul 2017 06:25

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Contributors

Author: Lampros C. Stavrogiannis
Author: Pericles A. Mitkas
Editor: Vassilios Chrissikopoulos
Editor: Nikolaos Alexandris
Editor: Christos Douligeris
Editor: Spyros Sioutas

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