Adaptive agents in a persistent shout double auction
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Decision Support Systems - Special issue on information and computational economics
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The Knowledge Engineering Review
Agent-based service composition through simultaneous negotiation in forward and reverse auctions
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AAMAS '03 Proceedings of the second international joint conference on Autonomous agents and multiagent systems
A method for decentralized clustering in large multi-agent systems
AAMAS '03 Proceedings of the second international joint conference on Autonomous agents and multiagent systems
Query optimization in distributed networks of autonomous database systems
ACM Transactions on Database Systems (TODS)
PowerTrust: A Robust and Scalable Reputation System for Trusted Peer-to-Peer Computing
IEEE Transactions on Parallel and Distributed Systems
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Proceedings of the second workshop on Use of P2P, GRID and agents for the development of content networks
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Proceedings of the 7th international joint conference on Autonomous agents and multiagent systems - Volume 2
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Multiagent and Grid Systems - Content management and delivery through P2P-based content networks
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Engineering Applications of Artificial Intelligence
Distributed data mining and agents
Engineering Applications of Artificial Intelligence
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OTM'07 Proceedings of the 2007 OTM confederated international conference on On the move to meaningful internet systems: CoopIS, DOA, ODBASE, GADA, and IS - Volume Part II
Managing power conservation in wireless networks
ADMA'10 Proceedings of the 6th international conference on Advanced data mining and applications - Volume Part II
A multi-dimensional trust evaluation model for large-scale P2P computing
Journal of Parallel and Distributed Computing
Scalable distributed aggregate computations through collaboration
DEXA'05 Proceedings of the 16th international conference on Database and Expert Systems Applications
Query trading in digital libraries
DELOS'04 Proceedings of the 6th Thematic conference on Peer-to-Peer, Grid, and Service-Orientation in Digital Library Architectures
A semantic marketplace of negotiating agents
AP2PC'05 Proceedings of the 4th international conference on Agents and Peer-to-Peer Computing
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In this work we examine a peer-to-peer agent continuous double auction. We compare agents trading using peer-to-peer communications with agents using the same trading strategy in an auction that makes use of a centralized auctioneer to disseminate information. We present simulation data for these two auctions running with 2,500 to 160,000 agents. We find that the peer-to-peer auction is able to display price convergence behavior similar to that of the centralized auction. Further, the data shows that the peer-to-peer system has a constant cost in the number of message rounds needed to find the market equilibrium price as the number of traders is increased, in contrast to the linear cost incurred by the central auctioneer. Considering the above message costs, the peer-to-peer system outperformed the simple central auction by at least 100 times in our simulations. We further calculate that for a distributed hierarchical set of auctioneers, for which the message rounds cost of finding equilibrium are reduced to logarithmic in the number of traders, the peer-to-peer system will still produce better performance for systems with more than 5,000 traders.