Various research efforts have focussed on the security and privacy concerns arising from the introduction of smart energy meters. However, in addition to smart metering, the ultimate vision of the smart grid includes bi-directional communication between consumers and suppliers to facilitate certain types of Demand Response (DR) strategies such as demand bidding (DR-DB). In this work we explore ...

In this study, we investigate the formation of bidder’s willingness to pay (WTP) in sequential online auctions. Our findings contribute to the literature of online auctions in the following ways. First, we detect and empirically measure in a real world scenario the WTP updating phenomenon mentioned by Engelbrecht-Wiggans (2000). By considering the environment of multiple sequential auctions of ...

Contract bridge is an example of an incomplete information game for which computers typically do not perform better than expert human bridge players. In particular, the typical bidding decisions of human bridge players are difficult to mimic with a computer program, and thus automatic bridge bidding remains to be a challenging research problem. Currently, the possibility of automatic bidding wi...

We investigate a finite-horizon dynamic pricing problem of seller under limited commitment. Even when the buyers are ex-ante symmetric to seller, can charge different prices buyers. show that class posted-price mechanisms this asymmetric treatment strictly revenue-dominates treatment. The im- plements by using priority-based deterministic tie-breaking rule instead random rule. effect on revenue...

8 Environmental concerns have spurred greater reliance on variable re9 newable energy resources (VERs) in electric generation. Under current 10 incentive schemes, the uncertainty and intermittency of these resources 11 impose costs on the grid, which are typically socialized across the whole 12 system, rather than born by their creators. We consider an institutional 13 framework in which VERs f...

Bidding is a very important business function to find latent contractors of construction projects. Moreover, bid markup is one of the most important decisions for a bidder to gain a reasonable profit. Since the bidding system is a complex adaptive system, bidding agent need a learning process to get more valuable knowledge for a bid, especially from past public bidding information. In this pape...

Bidding strategy in online auctions, as a sort of strategic behavior, can help bidders to get what they want more efficiently and effectively. It receives much attention in many researches. However, the determinants of bidding strategy adoption still remain unclear. In this study, we investigate the role of social network in bidding strategy adoption using real transaction data from an online P...