TY - GEN
T1 - Bidders' strategy for multi-attribute sequential english auction with a deadline
AU - David, Esther
AU - Azoulay-Schwartz, Rina
AU - Kraus, S.
N1 - Place of conference:Australia
PY - 2003
Y1 - 2003
N2 - In this paper we consider a procurement multi-attribute English auction with a deadline. This protocol can be used for agents who try to reach an agreement on an item or issue, which is characterized by several quality attributes in addition to the price. The protocol allows the specification of a deadline since in many real world situations it is essential to conclude a negotiation among agents and to reach an agreement under a strict deadline. Currently, the deadline rules, which are mainly used for auction mechanisms, result in a non-recommended and unstable bidding strategy, i.e., the last minute bidding strategy causes system overhead and inefficient auction outcomes. Therefore, we define another deadline rule, which diminishes the phenomenon of the last-minute bidding-strategy and thus prevents bottlenecks in an agents' network that applies an auction mechanism. We analyzed simultaneous and sequential multi-attribute English auctions with a fixed deadline that can be used for negotiating agents. For each of these protocols combined with the deadline rule, we provide the automated bidder agents with optimal and stable bidding strategies.
AB - In this paper we consider a procurement multi-attribute English auction with a deadline. This protocol can be used for agents who try to reach an agreement on an item or issue, which is characterized by several quality attributes in addition to the price. The protocol allows the specification of a deadline since in many real world situations it is essential to conclude a negotiation among agents and to reach an agreement under a strict deadline. Currently, the deadline rules, which are mainly used for auction mechanisms, result in a non-recommended and unstable bidding strategy, i.e., the last minute bidding strategy causes system overhead and inefficient auction outcomes. Therefore, we define another deadline rule, which diminishes the phenomenon of the last-minute bidding-strategy and thus prevents bottlenecks in an agents' network that applies an auction mechanism. We analyzed simultaneous and sequential multi-attribute English auctions with a fixed deadline that can be used for negotiating agents. For each of these protocols combined with the deadline rule, we provide the automated bidder agents with optimal and stable bidding strategies.
UR - https://scholar.google.co.il/scholar?q=Bidders%27+strategy+for+Multi-Attribute+sequential+English+auction+with+a+deadline&btnG=&hl=en&as_sdt=0%2C5
M3 - Conference contribution
BT - The second international joint conference on Autonomous agents and multiagent systems
PB - ACM
ER -