Download Agent-Mediated Electronic Commerce VI. Theories for and by Vincent Conitzer, Tuomas Sandholm (auth.), Peyman Faratin, PDF

By Vincent Conitzer, Tuomas Sandholm (auth.), Peyman Faratin, Juan A. Rodríguez-Aguilar (eds.)

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 offered have been rigorously chosen from 39 submissions in the course of rounds of reviewing and revision. The papers compile novel paintings from such various fields as computing device technology, Operations examine, synthetic Intelligence and disbursed platforms that target modeling, implementation and overview of computational buying and selling establishment and/or agent techniques over a various set of products. they're geared up in topical sections on mechanism layout, buying and selling brokers, and tools.

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Read or Download Agent-Mediated Electronic Commerce VI. Theories for and Engineering of Distributed Mechanisms and Systems: AAMAS 2004 Workshop, AMEC 2004, New York, NY, USA, July 19, 2004, Revised Selected Papers PDF

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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, NY, USA, July 19, 2004, Revised Selected Papers

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Iterative Combinatorial Auctions:Achieving Economic and Computational Efficiency. PhD thesis, University of Pennsylvania, May 2001. 12. M. H. Rothkopf, A. Pekec, and R. M. Harstad. Computationally manageable combinatorial auctions. 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.

However, auctions are not budget balanced: they generate a surplus that reduces agents’ utilities and creates unwanted incentives for the party that receives it. This is the case in particular for the Clarke tax ([5]), 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.

Parkes, and N. R. 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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