Adaptive Bidding in Single-Sided Auctions Under Uncertainty

An Agent-based Approach in Market Engineering

  • Clemens van Dinther
Part of the Whitestein Series in Software Agent Technologies and Autonomic Computing book series (WSSAT)

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Motivation and Fundamentals

    1. Front Matter
      Pages 1-1
    2. Pages 3-9
    3. Pages 11-45
  3. Agent-based Simulation Approaches and Tools

  4. Examination of Bidding under Uncertainty

    1. Front Matter
      Pages 123-123
    2. Pages 125-143
  5. Concluding Discussion and Future Research

    1. Front Matter
      Pages 187-187
    2. Pages 189-194
  6. Back Matter
    Pages 195-238

About this book

Introduction

In the last years electronic markets, especially online auctions, have become very popular and received more and more attention in both, business (B2B) as well as in public practice (B2C and C2C). Science, however, is still far from having studied all phenomena and effects which can be observed on electronic markets. This book shows that and how software agents can be used to simulate bidding behaviour in electronic auctions. The main emphasis of this book is to apply computational economics to market theory. It summarizes the most common and up-to-date agent-based simulation methods and tools and develops the simulation software AMASE. On basis of the introduced methods a model is established to simulate bidding behaviour under uncertainty.

The book addresses researchers, computer scientists, economists and students who are interested in applying agent-based computational methods to electronic markets. It helps to learn more about simulations in economics in general and common agent-based methods and tools in particular.

Keywords

agent-based simulation agents bidding computational economics electronic markets market design market engineering online auctions reinforcement learning simulation software agent uncertainty

Authors and affiliations

  • Clemens van Dinther
    • 1
  1. 1.Research Center for Information TechnologiesKarlsruheGermany

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-7643-8113-4
  • Copyright Information Birkhäuser Verlag 2007
  • Publisher Name Birkhäuser Basel
  • eBook Packages Computer Science
  • Print ISBN 978-3-7643-8094-6
  • Online ISBN 978-3-7643-8113-4
  • About this book