Bidding strategies for realistic multi-unit sealed-bid auctions
Autonomous Agents and Multi-Agent Systems, Volume 21, Issue 2, 2010, Pages 265-291.
When autonomous agents decide on their bidding strategies in real world auctions, they have a number of concerns that go beyond the models that are normally analyzed in traditional auction theory. Oftentimes, the agents have budget constraints and the auctions have a reserve price, both of which restrict the bids the agents can place. In ...More
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