A vickrey-type multi-attribute auction model

  • Authors:
  • Xiang Chen;Shan-li Hu

  • Affiliations:
  • Department of Computer Science and Techonoly, Fuzhou University, Fuzhou, China;Department of Computer Science and Techonoly, Fuzhou University, Fuzhou, China

  • Venue:
  • ICMLC'05 Proceedings of the 4th international conference on Advances in Machine Learning and Cybernetics
  • Year:
  • 2005

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Abstract

Internet auction is not only an integral part of Electronic Commerce but is also becoming a promising field for applying autonomous agents and multi-agent system (MAS) technologies. And auction, as an efficient resource allocation method, has an important role in MAS problems and as such is receiving increasing attention from scholars. This paper suggests a protocol (VAMA) and strategies for multi-attribute auction. Some useful properties such as strategy-proof are also proven. This paper also includes an analysis of the strategy of the buyer, and gives a decentralized mechanism for VAMA implementation as well as discussing some questions about VAMA. Finally, this protocol is compared with existing ones, improving on the work of Esther David etc.