Due to the deteriorated and obsolete nature, fresh produces generate a large amount of carbon emission, which has reduced quality modern life. This makes it important for agricultural supply chain trading (ASCT) achieve efficient time more social welfare based on auctions. paper is among first contributions that incorporate bilateral bidding into auction mechanism design produce problem. Two do...

In environments with “diffuse” uncertainty, we study bidding behavior in auctions and double auctions. Our dynamics has a strong component of inertia but with a small probability, bids are modified in the direction of ex-post regrets. We apply stochastic stability to identify essentially a unique bid that will be used by each type in the long run. In the first-price auction, bidding half of one...

Agents (specially humans) with smart devices are stemming with astounding rapidity and that may play a big role in information and communication technology apart from being used only as a mere calling devices. Inculcating the power of smart devices carried by the agents in several different applications is commonly termed as participatory sensing (PS). In this paper, for the first time a truthf...

In this paper, we introduce an experimental approach to the design, analysis and implementation of market mechanisms based on double auction. We define a formal market model that specifies the market policies in a double auction market. Based on this model, we introduce a set of criteria for the evaluation of market mechanisms. We design and implement a set of market policies and test them with...

Investors’ Exchange LLC (IEX) is a newly approved public exchange that is designed to discourage aggressive high-frequency trading. We explain how IEX differs from traditional continuous double auction markets and present summary data on IEX transactions by trader class and order type. Our primary contribution is a simple analytic model of IEX as a constrained version of the continuous double a...

Recently, Wang et al. proposed a set of double auction protocols with full privacy protection based on distributed ElGamal encryption. Unfortunately, their protocols are expensive in computation, and are not robust in dealing with system malfunction or user misbehavior. In this paper, we propose a secure and practical double auction protocols based on a hybrid trust model, where computation loa...

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 auction...

Grid and Cloud Computing allow the user to execute applications on a third-party infrastructure by paying for the access to the remote resources. Scheduling and resource management is an important aspect for effective execution of an application. This paper addresses various auction based scheduling in grid and cloud environments. To optimize the user centric and provider centric objectives the...