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Seller-Focused Algorithms for Online Auctioning [chapter]

Amitabha Bagchi, Amitabh Chaudhary, Rahul Garg, Michael T. Goodrich, Vijay Kumar
2001 Lecture Notes in Computer Science  
In this paper we provide an algorithmic approach to the study of online auctioning.  ...  From the perspective of the seller we formalize the auctioning problem as that of designing an algorithmic strategy that fairly maximizes the revenue earned by selling¨identical items to bidders who submit  ...  We consider several algorithmic issues regarding online auctioning, from the viewpoint of the seller, in this paper.  ... 
doi:10.1007/3-540-44634-6_13 fatcat:dufbsprugnbfnkxmaaryucvbdi

Learning in Repeated Auctions

Thomas Nedelec, Clément Calauzènes, Noureddine El Karoui, Vianney Perchet
2022 Foundations and Trends® in Machine Learning  
Bayesian mechanism design Auction theory has focused for a long time on the simplest case: there is a single, non-divisible item to be sold to a set of predefined buyers in a one-shot auction.  ...  We will also investigate online variants where gathering data has a cost to be accounted for, either by sellers or buyers ("earning while learning").  ... 
doi:10.1561/2200000077 fatcat:6xfahzawhvhntenr2viarfc5pq

Detecting Multiple Seller Collusive Shill Bidding [article]

Jarrod Trevathan, Claire Aitkenhead, Nazia Majadi, Wayne Read
2018 arXiv   pre-print
This is typically achieved by the seller having friends bid in her auctions, or the seller controls multiple fake bidder accounts that are used for the sole purpose of shill bidding.  ...  We propose an algorithm that provides evidence of whether groups of sellers are colluding.  ...  Note that there are some differences in how online auctioneers display their bid histories. For example, eBay masks the bidder ids for all auctions over $200.  ... 
arXiv:1812.10868v1 fatcat:fdumtome4rcypm34enewv7s7y4

Assisting seller pricing strategy selection for electronic auctions

Jia Zhang, Ning Zhang, Jen-Yao Chung
2004 Proceedings. IEEE International Conference on e-Commerce Technology, 2004. CEC 2004.  
This research examines sellers' pricing strategy oriented to bidders' risk preferences, within the context of an electronic auction.  ...  A tailored intelligent auction registry engine is constructed based upon an initial version of our business model.  ...  Through this study, we suggest that website management may design different pricing for different kinds of auction objects to let sellers get more profits, which may be a way to attract more sellers online  ... 
doi:10.1109/icect.2004.1319714 dblp:conf/wecwis/ZhangZC04 fatcat:ehkcxo5gzzdp5dpzjuloj4f7jq

A seller's perspective characterization methodology for online auctions

Arlei Silva, Pedro Calais, Adriano Pereira, Fernando Mourão, Jussara Almeida, Wagner Meira, Paulo Góes
2008 Proceedings of the 10th international conference on Electronic commerce - ICEC '08  
Online auction services have reached great popularity and revenue over the last years. A key component for this success is the seller.  ...  These results are useful to understand the complex mechanisms that guide ending prices, success (or failure), and the attraction of bids in online auctions, which can support decision strategies for buyers  ...  Studies about sellers have focused on reputation systems and trust in online auctions. Some of them have analyzed the importance of reputation in auction outputs, mainly in final prices.  ... 
doi:10.1145/1409540.1409564 dblp:conf/ACMicec/SilvaCPMAMG08 fatcat:wbupgfiq3fbiffrh6ve2udwna4

Introduction to 'Innovative Auction Markets' Special Issue

Ajit Kambil, Eric van Heck
2004 Electronic Markets  
Online auctions have a number of advantages for the social assignation of value, trading and resource allocation.  ...  The bidding agent follows a simple algorithm and develops a future look-ahead bidding plan that enables to it to hold back cash for more desirable times of the day.  ... 
doi:10.1080/101967804200045083 fatcat:xpotafdanvdb3jttba6xyeegtu

Design of online double auction mechanism for aging sensitive commodity

Xiaolong Ma, Yonghui Dai, Ziyi Wang, Lanjuan Liu
2016 Computer Science and Information Systems  
This paper presents an online double auction mechanism DAPA (Double Auction Payment Allocation) for aging sensitive commodity under dynamic environment, and then proposes and implements the corresponding  ...  auction mechanism design method in static environment is not suitable for solving the problem in dynamic environment.  ...  ., designed a variety of matching and payment algorithm for online double auction mechanism.  ... 
doi:10.2298/csis160212016m fatcat:iw62ancxrrcuplfopujvar3luq

Two Step graph-based semi-supervised Learning for Online Auction Fraud Detection [chapter]

Phiradet Bangcharoensap, Hayato Kobayashi, Nobuyuki Shimizu, Satoshi Yamauchi, Tsuyoshi Murata
2015 Lecture Notes in Computer Science  
Our graph-based semi-supervised learning approach for online auction fraud detection is based on this social interaction of fraudsters.  ...  We analyze a social graph of online auction users and propose an online auction fraud detection approach.  ...  Related Work This section surveys related work focused on detecting online auction fraud.  ... 
doi:10.1007/978-3-319-23461-8_11 fatcat:n7nm3s3mcza6thsp2ypuiacdb4

Genetic Algorithm based bargaining agent for Implementing Dynamic Pricing on Internet

Kumar Ujjwal, Jay Aronson
2007 2007 IEEE Symposium on Foundations of Computational Intelligence  
As compared to auction, online bargaining is a "win-win" situation for both the seller and buyer because the mutually agreed deal price is higher than the seller's reserved price but lower than the buyer's  ...  The work presented in this paper proposes a simple and elegant way to implement online bargaining using Genetic Algorithm (GA).  ...  There exists many forms of dynamic pricing; however the present work is focused on online bargaining.  ... 
doi:10.1109/foci.2007.372189 dblp:conf/foci/UjjwalA07 fatcat:in5rhuqrp5gbpnvmriiihpifsm

Adaptive Auction Mechanism Design and the Incorporation of Prior Knowledge

David Pardoe, Peter Stone, Maytal Saar-Tsechansky, Tayfun Keskin, Kerem Tomak
2010 INFORMS journal on computing  
E lectronic auction markets are economic information systems that facilitate transactions between buyers and sellers.  ...  ability to dynamically alter the mechanism's design to acquire information about the benefits from different designs and adapt the auction mechanism online in response to actual bidders' behaviors.  ...  Acknowledgments The authors thank two anonymous referees and the associate editor for their thoughtful suggestions. The authors are responsible for any errors.  ... 
doi:10.1287/ijoc.1090.0353 fatcat:bt6nbmz63rg45guqb7xa5s57ji

Competitive Multi-attribute On-line Auction

Lili Ding, Xinmin Liu, Wanglin Kang
2011 Journal of Software  
We propose a novel multi-attribute on-line auction mechanism for a limited bidder base.  ...  Furthermore, we present the price and utility algorithm, together with its competitive analysis, which is designed for the buyer to decide the trading price and quantities.  ...  ONLINE ALGORITHMS BASED MULTI-ATTRIBUTE ON-LINE AUCTION For the multi-attribute on-line auction, we focus on defining optimal algorithm for the buyer from an online algorithmic standpoint.  ... 
doi:10.4304/jsw.6.10.2009-2015 fatcat:pl4zw4fyyjg2hbvwogqllgn47e

Truthful online double auction based dynamic resource provisioning for multi-objective trade-offs in IaaS clouds

Yashwant Singh Patel, Zahra Malwi, Animesh Nighojkar, Rajiv Misra
2021 Cluster Computing  
based winning-bid determination algorithm for resource allocation and a Vickrey-Clarke-Groves (VCG) driven algorithm for payment calculation of winning bids.  ...  This paper proposes a more realistic scenario of online auctioning for IaaS clouds, with the unique characteristics of elasticity for time-varying arrival of cloud user requests under the time-based server  ...  Proposed approach The detailed algorithm for proposed auction mechanism (OTDAM) is given by Algorithm 1.  ... 
doi:10.1007/s10586-020-03225-9 pmid:33456318 pmcid:PMC7799171 fatcat:6f2mgmfxojhzplaf5k4j3zvh64

E-Auction Frauds - A survey

V MNoufidali, Jobin S Thomas, Felix Arokya Jose
2013 International Journal of Computer Applications  
One major proliferation was the overture of online auctions enabling the customer community to bid for and purchase large variety of goods.  ...  The nature of Internet auctions is high degree of anonymity, number of legal opportunities to buy and sell, and low costs for entry and exit, etc..., fraudsters can easily establish frauds in auction activities  ...  .  Data cleaning and preparation for the algorithms.  Experiment design.  Evaluation results in order to review the process.  ... 
doi:10.5120/10000-4863 fatcat:jz72cfgyrfeyrouy4wyoui5dre

Spiral of Hatred: Social Effects in Buyer-Seller Cross-Comments Left on Internet Auctions [chapter]

Radoslaw Nielek, Aleksander Wawer, Adam Wierzbicki
2009 IFIP Advances in Information and Communication Technology  
The material collected from the biggest Polish auction house has been analyzed. NLP algorithms were applied to extract sentiment-related content from collected comments.  ...  The obtained results confirm the existence of the spiral-of-hatred effect but also indicate that much more complex patterns of mutual relations between sellers and buyers exist.  ...  Nevertheless, a lot of additional information can be found in the data collected in the online auction website, for example response times on positive and negative evaluations, order of buyer-seller evaluation  ... 
doi:10.1007/978-3-642-02056-8_1 fatcat:leabyvmygjgglm7dc42zltauty

A Framework for Online Reverse Auction Based on Market Maker Learning with a Risk-Averse Buyer

Hojat Tayaran, Mehdi Ghazanfari, Rosa M. Benito
2020 Mathematical Problems in Engineering  
The NSGA II algorithm has been used to solve the seller model.  ...  Accordingly, in this paper, a new framework for the online reverse auction process is provided that takes both sides of the procurement process, namely, buyer and seller.  ...  Some of the reasons for this unwillingness are (1) Online reverse auction focuses on buyer's preferences and ignores seller's preferences.  ... 
doi:10.1155/2020/5604246 fatcat:znaaaeapcjhozdpiytdmhvjkca
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