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ATAL
2008
Springer

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

8 years 4 months ago
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. Categories and Subject Descriptors I.2.11 [Artificial Intelligence]: Distributed Artificial Intelligence: Multiagent systems General Terms Design, Economics, Experimentation, Measurement, Performance Keywords Double auction, mechanism design, trading agent competition
Jinzhong Niu, Kai Cai, Simon Parsons, Enrico Gerdi
Added 12 Oct 2010
Updated 12 Oct 2010
Type Conference
Year 2008
Where ATAL
Authors Jinzhong Niu, Kai Cai, Simon Parsons, Enrico Gerding, Peter McBurney
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