The role of agents in auctions is to represent their users, who may be buyers or sellers or the auctioneer, to achieve particular objectives [58], [54], [81], [83], [50]. Although there are many attributes concluded in the literature, some attributes are essential for CDAs we discuss in this book. First of all, we define exactly what we mean by the term “agent” in CDAs. An agent in CDAs is a software package that can be viewed as a delegate of his user to achieve a good performance which usually means a good profit. To this end, an agent must exhibit the following properties:
  • Autonomy: The agent is capable of making decisions about what actions to take without constantly referring back to his user

  • Adaptivity: The agent is capable of adjusting himself to environmental conditions based on trading history, etc


Reservation Price Market Environment Bidding Strategy Transaction Price Double Auction 
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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© Birkhäuser Verlag 2008

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