An english auction protocol for multi-attribute items

Esther David, Rina Azoulay-Schwartz, Sarit Kraus

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

52 Scopus citations


In this paper, we suggest using an English Auction Protocol for a procurement multi-attribute auction in which the item for sale is defined by several attributes, the buyer agent is the auctioneer, and the seller agents are the bidders. Such domains include auctions on task allocation, services, or compound products. At the beginning of the auction the buyer agent announces the required properties of the item, and then various seller agents propose bids, which are composed of specific configurations that match its request. Each proposed bid should be better for the buyer agent than the previous bid, w.r.t. the announced requirements of the buyer agent. Finally, the last suggested bid will win, and the seller agent that suggested this bid will be committed to it. We consider two utility function models for the English auction protocols and provide the optimal bidding strategies for the seller agents and the optimal auction design for the buyer agents regarding both models.

Original languageEnglish
Title of host publicationAgent-Mediated Electronic Commerce IV
Subtitle of host publicationDesigning Mechanisms and Systems - AAMAS 2002 Workshop on Agent-Mediated Electronic Commerce, Revised Papers
EditorsJulian Padget, Onn Shehory, David Parkes, Norman Sadeh, William E. Walsh
PublisherSpringer Verlag
Number of pages17
ISBN (Print)9783540003274
StatePublished - 2002
EventWorkshop on Agent-Mediated Electronic Commerce, AAMAS 2002 - Bologna, Italy
Duration: 16 Jul 200216 Jul 2002

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349


ConferenceWorkshop on Agent-Mediated Electronic Commerce, AAMAS 2002

Bibliographical note

Publisher Copyright:
© Springer-Verlag Berlin Heidelberg 2002.


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