AstonCAT-plus: an efficient specialist for the TAC market design tournament

  • Authors:
  • Meng Chang;Minghua He;Xudong Luo

  • Affiliations:
  • Aston University, Birmingham, United Kingdom;Aston University, Birmingham, United Kingdom;City University of Hong Kong, Hong Kong SAR, China

  • Venue:
  • IJCAI'11 Proceedings of the Twenty-Second international joint conference on Artificial Intelligence - Volume Volume One
  • Year:
  • 2011

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Abstract

This paper describes the strategies used by AstonCAT-Plus, the post-tournament version of the specialist designed for the TAC Market Design Tournament 2010. It details how AstonCAT-Plus accepts shouts, clears market, sets transaction prices and charges fees. Through empirical evaluation, we show that AstonCAT-Plus not only outperforms AstonCAT (tournament version) significantly but also achieves the second best overall score against some top entrants of the competition. In particular, it achieves the highest allocative efficiency, transaction success rate and average trader profit among all the specialists in our controlled experiments.