Sciweavers

Share
ATAL
2008
Springer

Towards agents participating in realistic multi-unit sealed-bid auctions

8 years 5 months ago
Towards agents participating in realistic multi-unit sealed-bid auctions
When autonomous agents decide on their bidding strategies in real world auctions, they have a number of concerns that go beyond the models that are normally analyzed in traditional auction theory. Oftentimes, the agents have budget constraints and the auctions have a reserve price, both of which restrict the bids the agents can place. In addition, their attitude need not be risk-neutral and they may have uncertainty about the value of the goods they are buying. Some of these issues have been examined individually for single-unit sealed-bid auctions. However, here, we work towards extending this analysis to the multi-unit case, and also analyzing the multi-unit sealed-bid auctions in which a combination of these issues are present. In this paper, we present the initial results of this work. More specifically, we present the equilibria that exist in multi-unit sealed-bid auctions, when either the agents can have any risk attitude, or the auction has a reserve price. Categories and Subje...
Ioannis A. Vetsikas, Nicholas R. Jennings
Added 12 Oct 2010
Updated 12 Oct 2010
Type Conference
Year 2008
Where ATAL
Authors Ioannis A. Vetsikas, Nicholas R. Jennings
Comments (0)
books