The increasing penetration of distributed renewable generation brings new power producers to the market [2]. Rooftop photovoltaic (PV) panels allow home owners to generate more power than personally needed and this excess production could be voluntarily sold to nearby homes, alleviating additional transmission costs especially in rural areas [24]. Power is sold as a continuous quantity and powe...

This paper contains the description of experiments done so far in the combinatorial auction scenario. We describe the computee side and the society side. In this context we introduce also external objects providing services to the computees themselves, and in particular implementing a complex optimization algorithm. Experimental results are given for a traditional combinatorial auction and for ...

Most modern financial markets use a continuous double auction mechanism to store and match orders and facilitate trading. In this chapter we use a microscopic dynamical statistical model for the continuous double auction under the assumption of IID random order flow. The analysis is based on simulation, dimensional analysis, and theoretical tools based on mean-field approximations. The model ma...

Session 1A: Auctions, Mechanism Design and Trust 158 Almost-­‐truthful Mechanisms for Fair Social Choice Functions Julien Lesca and Patrice Perny 338 Multi-­‐unit Auctions with a Stochastic Number of Asymmetric Bidders Ioannis Vetsikas, Sebastian Stein and Nicholas R. Jennings 570 Multi-­‐unit Double Auction under Group Buying Dengji Zhao, Dongmo Zhang and Laurent Perrussel 253 A Protocol Based...

Gode and Sunder's (1993) results from using \zero-intelligence" (zi) traders, that act randomly within a structured market, appear to imply that convergence to the theoretical equilibrium price in continuous double-auction markets is determined more by market structure than by the intelligence of the traders in that market. However, it is demonstrated here that the average transaction prices of...

In order to realize the “dual carbon” goal proposed for world and seek low-carbon sustainable development of economy society, green supply chain management problem faced by Chinese enterprises governments is particularly important. At same time, how quickly efficiently select suitable supplier most basic critical link in management, as well an important issue that government must face process m...

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 agent...

The increased use of online market places (like eBay) by professional traders and small businesses goes along with an increase in demand for online multi-unit auction designs. A seller with many objects for sale might consider it inconvenient to initiate and monitor a single auction for each individual item and thus might favour the use of a multi-unit auction. However, the design of online mul...

We discuss the design of a hybrid mechanism for e-procurement, which implements a multi-attribute combinatorial auction, followed by a bargaining process to achieve desirable procurement transaction outcomes. For the auction phase of the mechanism, we discuss incentive-compatible bidding strategies for suppliers, and how the buyer should determine the winning suppliers. In the follow-on bargain...