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Auctions and Multi-agent Systems

  • Pablo Noriega
  • Carles Sierra
Chapter

Summary

In an auction house, buyers and sellers coordinate so as to exchange goods following a highly structured and apparently simple procedure. These coordination conventions have evolved through the years, and are currently used in commercial institutions for exchanging diverse goods and services. In this chapter we take as an instance a traditional auction house, the Llotja (a fish market) of Blanes, and we discuss how a virtual and adaptable electronic fish market can be derived from it. In this virtual institution the mediating functions are performed by autonomous agents, and customers or vendors can be either individuals or software agents. We also show how the underlying notions can be applied to define other institutions where the participants can be software agents.

Keywords

Software Agent Delivery Room Fish Market Auction House Behaviour Rule 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 1999

Authors and Affiliations

  • Pablo Noriega
    • 1
  • Carles Sierra
    • 1
  1. 1.CSIC-Spanish Scientific Research CouncilInstitut d’Investigacio en Intelligencia ArtificialBellaterra, Barcelona, CataloniaSpain

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