Rule-Based Specification of Auction Mechanisms

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 specify...

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Bibliographic Details
Published in:Autonomous Agents and Multiagent Systems: Proceedings, 3rd International Joint Conference, New York City, New York, 2004. pp. 818 - 825
Main Authors: Lochner, Kevin M., Wellman, Michael P.
Format: Conference Proceeding
Language:English
Published: Washington, DC, USA IEEE Computer Society 19.07.2004
IEEE
Series:ACM Conferences
Subjects:
Applied computing > Law, social and behavioral sciences > Economics
Artificial intelligence
Business
Computing methodologies > Artificial intelligence > Knowledge representation and reasoning
Computing methodologies > Machine learning > Machine learning approaches > Rule learning
Consumer electronics
Internet
Laboratories
Permission
Space technology
Standardization
Surges
Technological innovation
ISBN:9781581138641, 1581138644
Online Access:Get full text
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Summary: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.
Bibliography:SourceType-Conference Papers & Proceedings-1
ObjectType-Conference Paper-1
content type line 25
ISBN:9781581138641
1581138644
DOI:10.5555/1018410.1018833