An Architecture for Assembling Agents that Participate in Alternative Heterogeneous Auctions

Authors:
Marlon Dumas;Guido Governatori;Arthur ter Hofstede;Nick Russell
Affiliations:
-;-;-;-
Venue:
RIDE '02 Proceedings of the 12th International Workshop on Research Issues in Data Engineering: Engineering E-Commerce/E-Business Systems (RIDE'02)
Year:
2002

Citing 0
Cited 3

A probabilistic approach to automated bidding in alternative auctions

Proceedings of the 11th international conference on World Wide Web
Developing a bidding agent for multiple heterogeneous auctions

ACM Transactions on Internet Technology (TOIT)
Probabilistic Automated Bidding in Multiple Auctions

Electronic Commerce Research

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Abstract

This paper addresses the issue of developing agents capable of participating in several potentially simultaneous auctions of different kinds (English,First-Price,Vickrey), with the goal of ?nding the best price for an item on behalf of their users. Speci?cally, a multi-agent architecture is proposed, in which a anager agent cooperates with several expert agents, each specialised in a speci ?c kind of auction. The expert agents com unicate their knowledge to the manager agent in the for of probability functions, capturing the likelihood that a bid of a given price ay win an auction. Given a set of such functions, the anager agent builds a bidding plan that it executes in concert with the expert agents.