The recent consumer-to-consumer (C2C) Internet auction boom at eBay, Yahoo, Amazon, and other sites has added new theoretical challenges to the science of auctions. This paper uses experiments with economically-motivated human subjects to measure the operational efficiency of decentralized Internet auction mechanisms as they compare to centralized double auction mechanisms. Subjects are recruit...

In the explosive growth of Business to Business (B2B) Electronic Trades, electronic markets have received a great deal of attention recently. The obtained profit of trading in E-B2B market encourage market participants to remain in the market. Market participants consist of: sellers, buyers, and market owner. In this paper the expected profit function for each market participant has been define...

Internet auctions have become an integral part of Electronic Commerce (EC) and a promising field for applying agent technologies. Although the Internet provides an excellent infrastructure for large-scale auctions, we must consider the possibility of a new type of cheating, i.e., a bidder trying to profit from submitting several bids under fictitious names (false-name bids). Double auctions are...

In this paper, we propose a novel automated double auction mechanism called convergent linear function submission-based double-auction (CLFS-DA) for a prosumers’ decentralized smart grid. The target decentralized smart grid is a regional electricity network that consists of many prosumers that have a battery and a renewable energy-based generator, such as photovoltaic cells. In the proposed dou...

With the advancement of information technology need to perform computing tasks everywhere and all the time there, in cloud computing environments and heterogeneous users have access to different sources with different characteristics that these resources are geographically in different areas. Due to this, the allocation of resources in cloud computing comes to the main issue is considered a maj...

There is robust evidence in the experimental economics literature showing that monopoly power affected by trading institutions. In this paper, we study whether institutions themselves can shape agents' market behavior through formation of anchors. We recreate experimentally five different double-auction structures (perfect competition, perfect competition with quotas, cartel on price, price and...

Cloud computing is a demanding business platform for services related to the field of IT. The goal cloud customers access resources at sustainable price, while suppliers maximize their utilization. Previously, would bid every single resource type, which was limitation allocation. To solve these issues, researchers have focused on combinatorial auction in are offered by providers bundles so that...