Adaptive Bidding in Single-Sided Auctions Under Uncertainty: An Agent-based Approach in Market Engineering

✍ Scribed by Clemens van Dinther (auth.)

• Publisher: Birkhäuser Basel
• Year: 2007
• Tongue: English
• Leaves: 244
• Series: Whitestein Series in Software Agent Technologies and Autonomic Computing
• Edition: 1
• Category: Library

✦ Synopsis

In the last years electronic markets, especially online auctions, have become very popular and received more and more attention in both, business (B2B) as well as in public practice (B2C and C2C). Science, however, is still far from having studied all phenomena and effects which can be observed on electronic markets. This book shows that and how software agents can be used to simulate bidding behaviour in electronic auctions. The main emphasis of this book is to apply computational economics to market theory. It summarizes the most common and up-to-date agent-based simulation methods and tools and develops the simulation software AMASE. On basis of the introduced methods a model is established to simulate bidding behaviour under uncertainty.

The book addresses researchers, computer scientists, economists and students who are interested in applying agent-based computational methods to electronic markets. It helps to learn more about simulations in economics in general and common agent-based methods and tools in particular.

✦ Table of Contents

Front Matter....Pages i-xviii
Front Matter....Pages 1-1
Introduction....Pages 3-9
Economic Foundations....Pages 11-45
Agent-based Computational Economics....Pages 47-68
Front Matter....Pages 69-69
Methodological Approaches of MABS in Economics....Pages 71-83
Agent-based Simulation Software....Pages 85-122
Front Matter....Pages 123-123
Simulation Design....Pages 125-143
Assessment of the Simulation Results....Pages 145-186
Front Matter....Pages 187-187
Conclusion....Pages 189-194
Back Matter....Pages 195-238

✦ Subjects

Artificial Intelligence (incl. Robotics)