Technological progress has led to electronic exchanges attracting a major part of transaction volume for standardized stocks. In the field of derivatives and bonds, electronic exchanges failed to prosper and so called over-the-counter (OTC) trading is predominant: possibly because multi-attribute assets are hard to trade in structured two-sided markets. The present paper aims at alleviating thi...

MANY MARKET SETTINGS are approximated by a double auction. Standard examples are the London gold market and the order books maintained by New York Stock Exchange specialists. These auctions typically have many traders on each side of the market. More importantly, large double auctions are an excellent model for microfoundations of price formation in competitive markets. Like a competitive marke...

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...

Typical Double Auction (DA) models assume that trading agents are one-way traders. With this limitation, they cannot directly reflect the fact individual traders in financial markets (the most popular application of double auction) choose their trading directions dynamically. To address this issue, we introduce the Bi-directional Double Auction (BDA) market which is populated by two-way traders...

This chapter explores the minimal intelligence conditions for traders in a general double auction market with speculation activities. Using an agent-based model, it is shown that when traders and speculators play together under general market curve settings, zero-intelligent plus (ZIP) is still a sufficient condition for market prices to converge to the equilibrium. At the same time, market eff...

Auctions are a fundamental mechanism to automate negotiations in electronic commerce. We consider a class of multi-lateral negotiation situations, which requires negotiation on multiple attributes of a deal. These situations are typical for corporate procurement. Current auction implementations do not support these negotiations adequately. In the paper we propose multi-attribute auctions, an ec...

This study seeks to better understand bidding decision support in multi-attribute reverse auctions. It views bidding as a decision making process and attempts to determine how tools that aid different stages of the decision making process affect the quality of the bids submitted. Two experiments reveal that decision support tools that impact all the stages of a bidder's decision making process ...

The word Cloud has been a buzzword since last few years but there is been lot of confusion happening in the cloud market with respect to selection of cloud provider at the cheapest prize and achieving the highest resource efficiency for the cloud providers. Its always a difficult decision when a customer has to select a Cloud service provider because there are no established guidelines to help ...