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Titlebook: Agent-Mediated Electronic Commerce V; Designing Mechanisms Peyman Faratin,David C. Parkes,William E. Walsh Conference proceedings 2004 Spri

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https://doi.org/10.1007/b99040Performance; agent-based negotiation; bidding strategies; e-commerce agents; e-commerce systems; electron
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978-3-540-22674-1Springer-Verlag Berlin Heidelberg 2004
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Cuba and Western Intellectuals since 1959uality of the delivered goods. The advantage of the developed system is that it allows for a high degree of flexibility in the price, quality, and content of the offered bundles. The price, quality, and content of the delivered goods may, for example, differ based on daily dynamics and personal inte
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Cuba and Western Intellectuals since 1959interest from both the fields of computer science and of business, since it promises to provide superior ability in a trading market to any individual trader. Trading strategies have been proposed and practiced from the perspectives of Artificial Intelligence, market making, external information fee
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Cuba and Western Intellectuals since 1959nisms (English and Dutch auctions), yet, unlike them, generates close-to-optimal expected utility for the seller. We show that if each buyer receives at most one offer, each buyer’s dominant strategy is to act truthfully. In more general TLAs, the buyers’ optimal strategies are more intricate, and w
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Nicolás Prados Ortiz de Solórzanopending on the objective of the seller, different selling mechanisms are desirable. The Vickrey auction with a truthful reserve price is optimal when the objective is efficiency – allocating the units to the parties who values them the most. The Myerson auction is optimal when the objective is the s
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