Analysis of Ausubel Auctions by Means of Evolutionary Computation

A. Mochon, D. Quintana, Y. Saez, P. Isasi
2005 IEEE Congress on Evolutionary Computation  
The increasing use of auctions has led to a growing interest in the subject. A recent method used for carrying out examinations on auctions has been the design of computational simulations. The aim of this paper is to develop a genetic algorithm to find bidders' optimal strategies for a specific dynamic multi-unit auction, The algorithm provides the bidding strategy (defined as the action to be taken under different auction conditions) that maximizes the bidder's payoff. The algorithm is tested
more » ... under several experimental environments, number of bidders and quantity of lots auctioned. The results suggest that the approach leads to strategies that outperform canonical strategies This article has been financed by the Spanish founded research MCyT project
doi:10.1109/cec.2005.1555026 dblp:conf/cec/MochonQSV05 fatcat:mq5l5qwsxbfjtglechy47bh45u