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» Experimental Market Mechanism Design for Double Auction
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AUSAI
2009
Springer
13 years 11 months ago
Experimental Market Mechanism Design for Double Auction
In this paper, we introduce an experimental approach to the design, analysis and implementation of market mechanisms based on double auction. We define a formal market model that ...
Masabumi Furuhata, Laurent Perrussel, Jean-Marc Th...
ATAL
2008
Springer
13 years 6 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...
Jinzhong Niu, Kai Cai, Simon Parsons, Enrico Gerdi...
AAMAS
2010
Springer
13 years 5 months ago
What the 2007 TAC Market Design Game tells us about effective auction mechanisms
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 ent...
Jinzhong Niu, Kai Cai, Simon Parsons, Peter McBurn...
AMEC
2004
Springer
13 years 10 months ago
An Evolutionary Game-Theoretic Comparison of Two Double-Auction Market Designs
In this paper we describe an analysis of two double auction markets— the clearing house auction and the continuous double auction. The complexity of these institutions is such th...
Steve Phelps, Simon Parsons, Peter McBurney
MANSCI
2010
113views more  MANSCI 2010»
13 years 3 months ago
Prediction Markets: Alternative Mechanisms for Complex Environments with Few Traders
Double auction prediction markets have proven successful in large-scale applications such as elections and sporting events. Consequently, several large corporations have adopted t...
Paul J. Healy, Sera Linardi, J. Richard Lowery, Jo...