Applications of intelligent agents
Agent technology
Agents, Markets, Institutions, and Protocols
Agent Mediated Electronic Commerce, The European AgentLink Perspective.
A Comparison among Bidding Algorithms for Multiple Auctions
AAMAS '02 Revised Papers from the Workshop on Agent Mediated Electronic Commerce on Agent-Mediated Electronic Commerce IV, Designing Mechanisms and Systems
Developing a bidding agent for multiple heterogeneous auctions
ACM Transactions on Internet Technology (TOIT)
Optimal design of English auctions with discrete bid levels
Proceedings of the 6th ACM conference on Electronic commerce
A heuristic bidding strategy for buying multiple goods in multiple english auctions
ACM Transactions on Internet Technology (TOIT)
Online auctions efficiency: a survey of ebay auctions
Proceedings of the 17th international conference on World Wide Web
Heuristic Bidding Strategies for Multiple Heterogeneous Auctions
Proceedings of the 2006 conference on ECAI 2006: 17th European Conference on Artificial Intelligence August 29 -- September 1, 2006, Riva del Garda, Italy
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Online auctions have provided an alternative trading method to exchange items without the geographical and time constraints. However, buyers would face difficulties in searching, monitoring, and selecting an auction to participate in. As a consequence, agent technology is introduced to overcome these pitfalls. In this paper, heterogeneous intelligent agents and heterogeneous standard bidders are generated in a simulated auction market and their performances are measured. By doing so, it would further simulate the real online auction marketplace where bidders may have different bidding behaviors or implement different bidder agents. From the simulated results, the average winner's utility, the average number of winning auctions, the average closing price and the average median consumer surplus ratio are used to evaluate the winners' performances. From the results obtained, it is generalized that by using intelligent bidder agents to participate in online auctions, it benefits the bidders. Besides that, market economy is reviewed based on the results obtained.