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...

Strategy() AbstractStrategy(in agent: AbstractTradingAgent) endOfRound(in auction: Auction) eventOccurred(in event: AuctionEvent) getAgent(): AbstractTradingAgent initialise() modifyShout(in shout: Shout, in auction: Auction): Shout modifyShout(in shout: MutableShout): boolean protoClone(): Object reset() setAgent(in agent: AbstractTradingAgent) AbstractStrategy determineQuantity(in auction: Au...

In this paper we propose the double auction allocation models for computational grids, and two double auction algorithms for resource allocation: Single Price Double Auction algorithm (SPDA), and Multiple Attribute Double Auction algorithm (MADA). The fairness and comprehensive performance are introduced into the traditional double auction models to evaluate impact of price, speed and storage o...

in the explosive growth of business to business (b2b) electronic trades, electronic markets have received a great deal of attention recently. the obtained profit of trading in e-b2b market encourage market participants to remain in the market. market participants consist of: sellers, buyers, and market owner. in this paper the expected profit function for each market participant has been define...

In this paper, we study the auction model for resource management using the SimGrid simulation framework. We investigate three types of auction allocation protocols: (i) First-Price Auction, (ii) Vickrey Auction and (iii) Double Auction. The goal is to find which one is best suitable for the grid environment from users’ perspective as well as from resources’ perspective. The results showed that...

The paper deals with different approaches to the definition of ecommerce, including special mechanisms for the distribution of goods and payments, such as auction model. Different formats of auctions that change welfare of their participants are investigated. Software modules were developed for researching the effectivenes of double electronic Vickrey auction. It is defined that in double Vickr...

The efects of trading institutions on market eficiency and trading volume are examined. The trading institutions are computerized versions of continuous double auction and "clearinghouse" markets. Traders are experienced, profit-motivated undergraduates. The traded good is afinancial asset whose moneta y value is stateand trader type-contingent. Traders possess asymmetric private information on...