Stability of the truth-telling strategy in multi-unit option allocation auctions: Laboratory experimentation

Atsushi Iwasaki, Makoto Yokoo, Masafumi Matsuda

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

The performance of a multi-unit auction protocol, called the OPtion allocation (OP) protocol was studied. The OP with a uniform-price (UP) auction protocol, which is a representative conventional auction was compared. The sealed-bid version of the UP and OP was examined as the first step toward the analysis of open auctions. The results suggest that the performance of the OP is more stable than that of the UP.

Original languageEnglish
Title of host publicationProceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS 2004
EditorsN.R. Jennings, C. Sierra, L. Sonenberg, M. Tambe
Pages1282-1283
Number of pages2
Volume3
Publication statusPublished - Sep 27 2004
EventProceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS 2004 - New York, NY, United States
Duration: Jul 19 2004Jul 23 2004

Other

OtherProceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS 2004
CountryUnited States
CityNew York, NY
Period7/19/047/23/04

All Science Journal Classification (ASJC) codes

  • Engineering(all)

Cite this

Iwasaki, A., Yokoo, M., & Matsuda, M. (2004). Stability of the truth-telling strategy in multi-unit option allocation auctions: Laboratory experimentation. In N. R. Jennings, C. Sierra, L. Sonenberg, & M. Tambe (Eds.), Proceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS 2004 (Vol. 3, pp. 1282-1283)