A Mathematical Model for Analyzing the Proxy Bidding Method for Mobile Agent-Based Auction Services

  • Authors:
  • Jie Zhang;Henry C. B. Chan

  • Affiliations:
  • -;-

  • Venue:
  • AINA '04 Proceedings of the 18th International Conference on Advanced Information Networking and Applications - Volume 2
  • Year:
  • 2004

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Abstract

This paper presents an auction system based onmobile agents. By using a proxy server, a user cangenerate a mobile auction agent by giving the biddinginformation, including the maximum bidding price.The agent then moves to the required server toparticipate in the auction according to the user'srequirements. A major contribution of the paper is thatit presents a mathematical model to analyze thecommonly used "proxy bidding method." Based on thedistribution of the maximum bidding price, the modelcan be used to find the probability of stopping at acertain price and, hence, the average winning price.Simulation and analytical results are presented todemonstrate the behavior of the system.