Title :
Belief Based Distributed Buyer Coalition Formation with Non-transferable Utility
Author :
Chan, Chi-Kong ; Leung, Ho-fung
Author_Institution :
Chinese Univ. of Hong Kong, Hong Kong
Abstract :
Online buyer coalition formation problem is an application of e-commerce and distributed agent technology. So far, most works in this topic are social utility based approaches, which assume the agents´ utilities to be transferable and publicly known. However, such assumptions are not valid in many software agents applications where agents beliefs are private, and stability is often a more important concept than social utility. In this paper, we study the problem from a private-belief based non-transferable utility approach: instead of social utility maximization, our focus is on achieving stable solutions in term of the core, b-core and Pareto efficiency; instead of assuming common knowledge, we assume the agents´ actions to be based on fallible private beliefs. We then propose a distributed mechanism where agents are allowed to propose incremental improvements toward a stable solution. We show by experiment that our mechanism is able to reach core stable solutions in over 97% of the cases, and b-core stable solution in almost of all cases that we tested.
Keywords :
electronic commerce; Pareto efficiency; belief based distributed buyer coalition formation; distributed agent technology; e-commerce; nontransferable utility; private-belief based non-transferable utility approach; Aggregates; Application software; Cameras; Distributed computing; Genetic algorithms; Marketing and sales; Multiagent systems; Software agents; Stability; Testing; Agent Beliefs; Coalition Formation; Non-transferable Utility Games;
Conference_Titel :
E-Commerce Technology and the Fifth IEEE Conference on Enterprise Computing, E-Commerce and E-Services, 2008 10th IEEE Conference on
Conference_Location :
Washington, DC
Print_ISBN :
978-0-7695-3340-7
DOI :
10.1109/CECandEEE.2008.133