Toward market-driven agents for electronic auction

  title={Toward market-driven agents for electronic auction},
  author={Kwang Mong Sim and Eric Wong},
  journal={IEEE Trans. Systems, Man, and Cybernetics, Part A},
While there are several existing agent-based systems addressing the crucial and difficult issues of automated negotiation and auction, this research has designed and engineered a society of trading agents with two distinguishing features: 1) a market-driven negotiation strategy and 2) a deal optimizing auction protocol. Unlike some of the existing systems where users manually select predefined trading strategies, in the market-driven approach, trading agents automatically select the appropriate… CONTINUE READING
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