Electronic auction markets collect large amounts of auction field data. This enables a structural estimation of the bid distributions and the possibility to derive optimal reserve prices. In this paper we propose a new approach to setting reserve prices. In contrast to traditional auction theory we use the buyer’s risk statement for getting a winning bid as a key criterion to set an optimal res...

This paper provides an optimal auction mechanism design for automated agents conducting auctions, for example, auction houses on the web. In particular, we consider auction protocols that include two major features; multi-attribute items and a deadline rule. Three different protocols were analyzed. For each protocol a mechanism was developed that enables the auctioneer agent to compose an optim...

This paper designs a novel fuzzy competition and attitude based bidding strategy (FCA-Bid) for continuous double auction in which the best transaction price is calculated on account of the attitude of the agents and the competition for the goods in the market. The estimation of attitude is based on the bidding item’s attribute assessment, which adapts the fuzzy sets technique to handle uncertai...

E-procurement transactions in Business to Business (B2B) environment showed a constant and positive trend in the last years. The most popular methodologies to support these tools are all related to dedicated protocols able to facilitate the agreements among customers and suppliers. This chapter proposes a Multi Agent Architecture integrated with several multi-attribute auction mechanisms specif...

We study a double auction environment where buyers and sellers have interdependent valuations and multi-unit demand and supply. We propose a new mechanism which satisfies ex post incentive compatibility, individual rationality, feasibility, non-wastefulness, and no budget deficit. Moreover, this mechanism is asymptotically efficient in that the trade outcome in the mechanism converges to the ef...

Auctions and negotiations are mechanisms used in market exchanges. Behavioral economics experiments focused on the mechanism efficiency which required highly simplified problems and contexts. This paper discusses an on-going project involving an experimental comparison of auction and negotiation mechanisms embedded in software which we have developed. The experiments are situated in an e-busine...

Grid and Cloud Computing allow the user to execute applications on a third-party infrastructure by paying for the access to the remote resources. Scheduling and resource management is an important aspect for effective execution of an application. This paper addresses various auction based scheduling in grid and cloud environments. To optimize the user centric and provider centric objectives the...