Download Agent-Mediated Electronic Commerce VI: Theories for and by Peyman Faratin, Juan A. Rodríguez-Aguilar PDF

By Peyman Faratin, Juan A. Rodríguez-Aguilar

This ebook constitutes the completely refereed post-proceedings of the sixth overseas Workshop on Agent-Mediated digital trade, AMEC 2006, held in long island, manhattan, united states in July 2004 as a part of AAMAS 2004.

The 15 revised complete papers awarded have been rigorously chosen from 39 submissions in the course of rounds of reviewing and revision. The papers assemble novel paintings from such various fields as desktop technological know-how, Operations study, man made Intelligence and allotted platforms that target modeling, implementation and overview of computational buying and selling establishment and/or agent recommendations over a various set of products. they're geared up in topical sections on mechanism layout, buying and selling brokers, and instruments.

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Read Online or Download Agent-Mediated Electronic Commerce VI: Theories for and Engineering of Distributed Mechanisms and Systems, AAMAS 2004 Workshop, Amec 2004, New York, PDF

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Agent-Mediated Electronic Commerce VI: Theories for and Engineering of Distributed Mechanisms and Systems, AAMAS 2004 Workshop, Amec 2004, New York,

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Additional info for Agent-Mediated Electronic Commerce VI: Theories for and Engineering of Distributed Mechanisms and Systems, AAMAS 2004 Workshop, Amec 2004, New York,

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Proposition 2. The mechanism is efficient. This implies that the centre finds the outcome such that f ∗ = arg maxf i∈I vi (f, x). Proof. The above is a result of the incentive-compatibility of the mechanism. Since the goal of the centre is to achieve efficiency, then given truthful reports, the centre will achieve efficiency. Proposition 3. The mechanism is individually rational. A mechanism is individually rational if there is an incentive for agents to join it rather than opting out of it. We begin by assuming that the utility an agent derives from not joining the mechanism is 0.

Rl (VR∗ ) F tax(Ai ) = rl ∈Ri Obviously, the first-price tax is not incentive-compatible, as agents have an interest to claim a lower utility for the optimal solution and a higher utility for the case where they are excluded. However, it does protect against overclaiming true utilities since an agent that does so will be forced to pay a higher tax than its true utility should the particular solution be chosen. Furthermore, there are ascending-price elicitation schemes, such as the Ausubel auction, that allow first-price schemes to become incentive-compatible in certain cases.

Jennings. Computational mechanism design: A call to arms. IEEE Intelligent Systems, 18(6):4047, 2003. 6. P. Jehiel and B. Moldovanu. Efficient design with interdependent valuations. Econometrica, 69(5):123759, 2001. 7. V. Krishna. Auction Theory. Academic Press, 2002. 8. C. Mezzetti. Mechanism design with interdependent valuations: Efficiency and full surplus extraction. Technical report, University of North Carolina, February 2003. 9. R. Mirrlees. An exploration in the theory of optimum income taxation.

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