Auction fever is a multifaceted phenomenon that is frequently observed in both traditional and Internet auctions. In order to gain a better understanding of its causes, we develop a conceptual framework to analyze emotions in auctions, which is based on an exhaustive literature review. The framework integrates rational calculus with emotional aspects and suggests that emotional processing is tr...

To get the items that a buyer wants in an Internet auction, he must search for the items through several auction sites. When the bidding starts, the buyer needs to connect to these auction sites frequently so that he can monitor the bid states and re-bid. A reserve-price auction reduces the number of connections, but this limits the user’s bidding strategy. Another problem is equity between the...

The German UMTS-Auction in August 2000 attracted, like similar auctions in Great Britain and The Netherlands earlier in the year 2000, a lot of public attention and money. At this auction 4 to 6 licenses to offer third generation cell-phone service in Germany were on the block to be sold, raising a total revenue of 98,8072 BDM. The publicity surrounding the auction is as good an excuse as any t...

We examine the design space of auction mechanisms and identify three core activities that structure this space. Formal parameters qualifying the performance core activities enables precise specification of auction rules. This specification constitutes an auction description language that can be employed in the implementation of configurable marketplaces. The specification also provides a framew...

Display advertisements on the web are sold via ad exchanges that use real time auction. We describe the challenges of designing a suitable auction, and present a simple auction called the Optional Second Price (OSP) auction that is currently used in Doubleclick Ad Exchange.

It has been observed that similar prints can obtain quite different prices at different auctions within the same auction period. Previous works applying hedonic price technique to determine the formation of auction prices of objects of art have found no conclusive result about the impact of auction houses on final prices. In these studies the object of art has been the unit, and influence of au...

When agents participate in an auction, either as buyers or sellers, it is important to be able to verify compliance to auction protocols and correctness of auction clearing. We propose a method for such a verification which is based on analyzing execution traces of the auction. Our method has the advantage that it does not require access to the internal of the agents, hence it is applicable to ...

Increasing popularity of online auctions and the associated frauds have drawn the attention of many researchers. It is found that most of the auction sites prefer English auction to other auction mechanisms. The ease of adopting multiple fake identities over the Internet nourishes shill bidding by fraudulent sellers in English auction. In this paper we derive an equilibrium bidding strategy to ...

Most existing methods for scheduling are based on centralized or hierarchical decision making using monolithic models. In this study, we investigate a new method based on a distributed and locally autonomous decision structure using the notion of combinatorial auction. In combinatorial auction the bidders demand a combination of dependent objects with a single bid. We show that not only can we ...

This paper contains the description of experiments done so far in the combinatorial auction scenario. We describe the computee side and the society side. In this context we introduce also external objects providing services to the computees themselves, and in particular implementing a complex optimization algorithm. Experimental results are given for a traditional combinatorial auction and for ...