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Multiagent System Platform for Auction Simulations

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Author Info
Alan Mehlenbacher () (Department of Economics, University of Victoria)
Abstract

I have developed a multiagent system platform that provides a valuable complement to the alternative auction research methods. The platform facilitates the development of heterogeneous agents and provides an experimental environment that is under the experimenter's complete control. Simulations with alternative learning methods results in impulse balance learning as the most promising approach for auctions.

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Publisher Info
Paper provided by Department of Economics, University of Victoria in its series Department Discussion Papers with number 0706.

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Length: 28 pages
Date of creation: 19 Nov 2007
Date of revision:
Handle: RePEc:vic:vicddp:0706

Note: ISSN 1914-2838
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Postal: PO Box 1700, STN CSC, Victoria, BC, Canada, V8W 2Y2
Phone: (250)721-8540
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Web page: http://web.uvic.ca/econ
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Related research
Keywords: Axiomatic bargaining; resource monotonicity; transferable utility; risk aversion;

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Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
D13 - Microeconomics - - Household Behavior - - - Household Production and Intrahouse Allocation
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

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  30. Alan Mehlenbacher, 2007. "Multiagent System Simulations of Treasury Auctions," Department Discussion Papers 0709, Department of Economics, University of Victoria. [Downloadable!]
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  32. Alan Mehlenbacher, 2007. "Multiagent System Simulations of Signal Averaging in English Auctions with Two-Dimensional Value Signals," Department Discussion Papers 0708, Department of Economics, University of Victoria. [Downloadable!]
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  34. Arifovic, Jasmina & McKelvey, Richard D. & Pevnitskaya, Svetlana, 2006. "An initial implementation of the Turing tournament to learning in repeated two-person games," Games and Economic Behavior, Elsevier, vol. 57(1), pages 93-122, October. [Downloadable!] (restricted)
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