Evolution of market mechanism through a continuous space of auction-types

Cliff, Dave

HP Development Company

关键词: genetic algorithm;    market mechanism;    zip traders;    market design;    mechanism design;   

RP-ID  :  HPL-2001-326

学科分类：计算机科学（综合）

美国|英语

来源: HP Labs

【 摘 要 】

A continuous space of auction mechanisms is explored via a genetic algorithm, with ZIP artificial trading agents operating in the evolved markets. The space of possible auction-types includes the Continuous Double Auction and also two purely one-sided mechanisms, yet hybrids of these auction types can be found to give the most desirable market dynamics. 9 Pages