A Classification of Auction Mechanism: Potentiality for Multi-Agent System (MAS) Based Modeling
نویسندگان
چکیده
What are auctions and how are they applicable in Multi-agent systems (MAS). This study reviews the various auction mechanisms such as forward auctions, reverse auctions, and double auctions, along with the roots of the newer auctions that have been evolved over time. Subsequently, a classification of various auction mechanism are presented that will enable us to get a perspective on how auctions have evolved and thereby a better understanding on how to incorporate these mechanism into a MAS. Later, important auction properties are compared with the auction mechanism to get a better grasp of what a particular action might possess as strength and its related weakness. Auction mechanism have been applied in agent based modeling. This study illustrates the comprehensive set of current and emerging auctions mechanism that have the potentially to be tested through agent based modeling as well as serve as a basis for further development of Multi-agent systems.
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