Title :
Equilibria in Bundle-Reducing Strategies for Combinatorial Auctions
Author :
Beltrán, Fernando
Author_Institution :
Univ. of Auckland Bus. Sch., Auckland
Abstract :
We search for equilibria on a reduced (parameterized) subset of the set of strategies a bidder may use in a combinatorial auction. The strategies allow the bidders to reduce their preferred bundle in response to adverse auction results which are known after each round. Extensive experimentation using an agent-based computational simulator was conducted after which it is recognized that efficiency of the auction can be increased when bidders are allowed to reformulate their bids during the auction.
Keywords :
electronic commerce; software agents; agent-based computational simulator; bidder; bundle-reducing strategies; combinatorial auctions; Computational modeling; Conferences; Design optimization; Intelligent agent; Marketing and sales; Combinatorial auctionsbidding strategybundle reduction;
Conference_Titel :
Web Intelligence and Intelligent Agent Technology Workshops, 2007 IEEE/WIC/ACM International Conferences on
Conference_Location :
Silicon Valley, CA
Print_ISBN :
0-7695-3028-1
DOI :
10.1109/WI-IATW.2007.114
