A study on internet auctions using agent based modeling approach

Akkaya, Yildiz; Badur, Bertan; Darcan, Osman N.

doi:10.1109/picmet.2009.5261945

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Cited by 2 publications

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“…This subject is theoretically investigated in economics about various methods of static sales. To overcome the limitations of this perspective, a new agent-based model is presented in which the researchers have utilized a simulator to investigate the behavior and interaction of autonomous agents in socio-economical environments [13]. In group shopping, there are two different roles: provider and sales agent.…”

Section: Introductionmentioning

confidence: 99%

Designing an Agent for Information Extraction from Persian E-shops

Rasouli¹,

Abedi²,

Ghaei³

2018

TELKOMNIKA

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Section: Introductionmentioning

confidence: 99%

Designing an Agent for Information Extraction from Persian E-shops

Rasouli¹,

Abedi²,

Ghaei³

2018

TELKOMNIKA

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Modeling Dynamic Procurement Auctions of Standardized Supply Contracts in Electricity Markets including Bidders Adaptation

Torres-Valderrama¹,

Gallego-Vega²

2015

DYNA

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<p>Descendant Clock Auctions have been increasingly used in power markets. Traditional approaches are focused on discovering the bidders’ best response but neglecting the bidders’ adaptation. This paper presents an algorithm based on decision theory to estimate the bidders’ behavior along the auction. The proposed model uses portfolio concepts and historical data of spot market to estimate a long term contract supply curve. This model was applied to evaluate the Colombia’s Organized Market (MOR). Demand curve parameters and round size were varied to evaluate their impact over auction outputs. Results show that demand curve has a quite small impact over bidders’ decisions and round size management is useful to avoid non-competitive bidders’ behavior. In addition, it is shown that auction’s starting prices strongly influence auction’s clearing prices. These results are extremely helpful to design market structures in power markets.</p>

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A study on internet auctions using agent based modeling approach

Cited by 2 publications

References 16 publications

Designing an Agent for Information Extraction from Persian E-shops

Designing an Agent for Information Extraction from Persian E-shops

Modeling Dynamic Procurement Auctions of Standardized Supply Contracts in Electricity Markets including Bidders Adaptation

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