2005 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT'05) From Single Static to Multiple Dynamic Combinatorial Auctions Compi?gne University of Technology, France September 19-September 22 ISBN: 0-7695-2416-8
DOI Bookmark: http://doi.ieeecomputersociety.org/10.1109/IAT.2005.77
We apply the Provisional Agreement Protocol (PAP) as a new approach to single static, single dynamic and multiple combinatorial auction problems, and empirically evaluate PAP. PAP benefits over one-shot auctions include: bidders not required to submit all bids and their dependencies; interaction with a changing environment during the auction can improve the solution; less communication when each bidder possesses many bids. PAP?s backtracking may allow a better solution to be found than the first (greedy) solution, but can be detrimental with multiple auctions when bids (resources) are limited. With multiple auctions, dynamics and competition increases as resources becomes scarce. Therefore, PAP is likely to perform better when many resources are available, which is when auctions are useful anyway. PAP scales well, and applying PAP to a second domain shows its generality.
Citation:
Don Perugini, Dale Lambert, Leon Sterling, Adrian Pearce, "From Single Static to Multiple Dynamic Combinatorial Auctions," iat, pp.443-446, 2005 IEEE/WIC/ACM International Conference on Intelligent Agent Technology (IAT'05), 2005 Usage of this product signifies your acceptance of the Terms of Use. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||