Rule-Based Specification of Auction Mechanisms

  • Authors:
  • Kevin M. Lochner;Michael P. Wellman

  • Affiliations:
  • University of Michigan;University of Michigan

  • Venue:
  • AAMAS '04 Proceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems - Volume 2
  • Year:
  • 2004

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Abstract

Machine-readable specifications of auction mechanisms facilitate configurable implementation of computational markets, as well as standardization and formalization of the auction design space. We present an implemented rule-based scripting language for auctions, which provides constructs for specifying temporal control structure, while supporting orthogonal definition of mechanism policy parameters. Through a series of examples, we show how the language can capture much of the space of single-dimensional auctions, and can be extended to cover other novel designs.