Title :
Evolution of market mechanism through a continuous space of auction-types
Author_Institution :
Hewlett-Packard Labs., Bristol, UK
fDate :
6/24/1905 12:00:00 AM
Abstract :
A continuous space of auction mechanisms is explored via a genetic algorithm, with ZIP artificial trading agents ope rating 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 are regularly found to give the most desirable market dynamics
Keywords :
economic cybernetics; genetic algorithms; software agents; ZIP artificial trading agents; auction mechanisms; auction-types; continuous double auction; evolved markets; genetic algorithm; market dynamics; market mechanism; Environmental economics; Genetics; Humans; Laboratories; Machine learning; Orbital robotics; Pathology; Robots; Robustness; Software agents;
Conference_Titel :
Evolutionary Computation, 2002. CEC '02. Proceedings of the 2002 Congress on
Conference_Location :
Honolulu, HI
Print_ISBN :
0-7803-7282-4
DOI :
10.1109/CEC.2002.1004555
