How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design

Dengji Zhao; Dongmo Zhang; Laurent Perrussel

doi:10.1007/978-3-642-23014-1_11

How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design

Dengji Zhao, Dongmo Zhang, Laurent Perrussel

School of Computer, Data & Mathematical Sciences

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

Abstract

This paper proposes an approach to design behaviour-based double auction mechanisms that are adaptive to market changes under the Trading Agent Competition Market Design platform. Because of the dynamics of the market environment, it is not feasible to test a mechanism in all kinds of environments. Since the strategies adopted by traders are well classified and studied, we will analyse and utilise the behaviour of traders with each kind of strategy, design specific (trader-dependent) mechanisms for attracting them, and finally integrate these trader-dependent mechanisms to achieve adaptive mechanisms.

Original language	English
Title of host publication	E-Commerce and Web Technologies: 12th International Conference, EC-Web 2011: Toulouse, France, August 30 - September 1, 2011: Proceedings
Publisher	Springer
Pages	124-135
Number of pages	12
ISBN (Print)	9783642230134
DOIs	https://doi.org/10.1007/978-3-642-23014-1_11
Publication status	Published - 2011
Event	International Conference on Electronic Commerce and Web Technologies - Duration: 30 Aug 2011 → …

Conference

Conference	International Conference on Electronic Commerce and Web Technologies
Period	30/08/11 → …

Access to Document

10.1007/978-3-642-23014-1_11

Cite this

@inproceedings{ac248ae3a3bc46ab8e343ecc3116c316,

title = "How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design",

abstract = "This paper proposes an approach to design behaviour-based double auction mechanisms that are adaptive to market changes under the Trading Agent Competition Market Design platform. Because of the dynamics of the market environment, it is not feasible to test a mechanism in all kinds of environments. Since the strategies adopted by traders are well classified and studied, we will analyse and utilise the behaviour of traders with each kind of strategy, design specific (trader-dependent) mechanisms for attracting them, and finally integrate these trader-dependent mechanisms to achieve adaptive mechanisms.",

author = "Dengji Zhao and Dongmo Zhang and Laurent Perrussel",

year = "2011",

doi = "10.1007/978-3-642-23014-1_11",

language = "English",

isbn = "9783642230134",

pages = "124--135",

booktitle = "E-Commerce and Web Technologies: 12th International Conference, EC-Web 2011: Toulouse, France, August 30 - September 1, 2011: Proceedings",

publisher = "Springer",

note = "International Conference on Electronic Commerce and Web Technologies ; Conference date: 30-08-2011",

}

Zhao, D, Zhang, D & Perrussel, L 2011, How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design. in E-Commerce and Web Technologies: 12th International Conference, EC-Web 2011: Toulouse, France, August 30 - September 1, 2011: Proceedings. Springer, pp. 124-135, International Conference on Electronic Commerce and Web Technologies, 30/08/11. https://doi.org/10.1007/978-3-642-23014-1_11

How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design. / Zhao, Dengji; Zhang, Dongmo; Perrussel, Laurent.
E-Commerce and Web Technologies: 12th International Conference, EC-Web 2011: Toulouse, France, August 30 - September 1, 2011: Proceedings. Springer, 2011. p. 124-135.

Research output: Chapter in Book / Conference Paper › Conference Paper › peer-review

TY - GEN

T1 - How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design

AU - Zhao, Dengji

AU - Zhang, Dongmo

AU - Perrussel, Laurent

PY - 2011

Y1 - 2011

N2 - This paper proposes an approach to design behaviour-based double auction mechanisms that are adaptive to market changes under the Trading Agent Competition Market Design platform. Because of the dynamics of the market environment, it is not feasible to test a mechanism in all kinds of environments. Since the strategies adopted by traders are well classified and studied, we will analyse and utilise the behaviour of traders with each kind of strategy, design specific (trader-dependent) mechanisms for attracting them, and finally integrate these trader-dependent mechanisms to achieve adaptive mechanisms.

AB - This paper proposes an approach to design behaviour-based double auction mechanisms that are adaptive to market changes under the Trading Agent Competition Market Design platform. Because of the dynamics of the market environment, it is not feasible to test a mechanism in all kinds of environments. Since the strategies adopted by traders are well classified and studied, we will analyse and utilise the behaviour of traders with each kind of strategy, design specific (trader-dependent) mechanisms for attracting them, and finally integrate these trader-dependent mechanisms to achieve adaptive mechanisms.

UR - http://handle.uws.edu.au:8081/1959.7/544739

U2 - 10.1007/978-3-642-23014-1_11

DO - 10.1007/978-3-642-23014-1_11

M3 - Conference Paper

SN - 9783642230134

SP - 124

EP - 135

BT - E-Commerce and Web Technologies: 12th International Conference, EC-Web 2011: Toulouse, France, August 30 - September 1, 2011: Proceedings

PB - Springer

T2 - International Conference on Electronic Commerce and Web Technologies

Y2 - 30 August 2011

ER -

How to make specialists NOT specialised in TAC market design competition? : behaviour-based mechanism design

Abstract

Conference

Access to Document

Other files and links

Fingerprint

Cite this