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Multiagent System Platform for Auction Simulations

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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.

Suggested Citation

  • Alan Mehlenbacher, 2007. "Multiagent System Platform for Auction Simulations," Department Discussion Papers 0706, Department of Economics, University of Victoria.
    • Handle: RePEc:vic:vicddp:0706
    Note: ISSN 1914-2838
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    File URL: https://www.uvic.ca/socialsciences/economics/_assets/docs/discussion/ddp0706.pdf
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    More about this item

    Keywords

    Axiomatic bargaining; resource monotonicity; transferable utility; risk aversion;
    All these keywords.

    JEL classification:

    • C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness

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