Stochastic Stability in a Double Auction
نویسندگان
چکیده
منابع مشابه
Evolutionary Stability of Behavioural Types in the Continuous Double Auction
In this paper, we investigate the effectiveness of different types of bidding behaviour for trading agents in the Continuous Double Auction (CDA). Specifically, we consider behavioural types that are neutral (expected profit maximising), passive (targeting a higher profit than neutral) and aggressive (trading off profit for a better chance of transacting). For these types, we employ an evolutio...
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Auctions have been as a competitive method of buying and selling valuable or rare items for a long time. Single-sided auctions in which participants negotiate on a single attribute (e.g. price) are very popular. Double auctions and negotiation on multiple attributes create more advantages compared to single-sided and single-attribute auctions. Nonetheless, this adds the complexity of the auctio...
متن کاملa comparative study of multi-attribute continuous double auction mechanisms
auctions have been as a competitive method of buying and selling valuable or rare items for a long time. single-sided auctions in which participants negotiate on a single attribute (e.g. price) are very popular. double auctions and negotiation on multiple attributes create more advantages compared to single-sided and single-attribute auctions. nonetheless, this adds the complexity of the auctio...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2003
ISSN: 1556-5068
DOI: 10.2139/ssrn.449440