By Peyman Faratin, Juan A. Rodríguez-Aguilar
This e-book constitutes the completely refereed post-proceedings of the sixth foreign Workshop on Agent-Mediated digital trade, AMEC 2006, held in big apple, big apple, united states in July 2004 as a part of AAMAS 2004.
The 15 revised complete papers provided have been conscientiously chosen from 39 submissions in the course of rounds of reviewing and revision. The papers collect novel paintings from such different fields as computing device technology, Operations study, synthetic Intelligence and allotted structures that target modeling, implementation and assessment of computational buying and selling establishment and/or agent ideas over a various set of products. they're equipped in topical sections on mechanism layout, buying and selling brokers, and instruments.
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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Extra info for Agent-Mediated Electronic Commerce VI: Theories for and Engineering of Distributed Mechanisms and Systems, AAMAS 2004 Workshop, Amec 2004, New York,
Management Science, 44:11311147, 1998. 13. T. Sandholm. Making markets and democracy work: A story of incentives and computing. In Proceedings of the International Joint Conference on Artificial Intelligence (IJCAI), pages 16491671, 2003. ch Abstract. Many practical scenarios involve solving a social choice problem: a group of self-interested agents have to agree on an outcome that best ﬁts their combined preferences. We assume that each outcome presents a certain utility to an agent and that the best outcome is the one that maximizes the sum of these utilities.
This is the case in particular for the Clarke tax (), the most well-known mechanism for dealing with selfinterest in social choice. Since economists have shown many impossibility results (for example, [7,10]) that prove that it is impossible to combine incentive-compatibility, optimality and budget balance, it is unlikely that this can be overcome in general. This paper has presented a mechanism that chooses a solution that is optimal for all but a group of excluded agents. In this way, any tax or auction scheme can be made budget-balanced by returning the surplus to the excluded agents.
Parkes A benefit for sellers as demonstrated through simulation is that the options-based protocol maintains a market even with buyers with complementary values for goods. In comparison, we show that a traditional market can fail, because it quickly becomes difficult for buyers to participate in the market without becoming exposed to partial bundles and losing money. Thus, the options-based scheme has appeal to both buyers and sellers. 1 Related Work The composability problem was previously observed in Wellman & Wurman , in the context of a discussion about the boundaries that must inevitably exist between mechanisms.