Simulation and strategy analysis for multi-round auction

Although the application of the auction technology in e-commerce is used widely, there are some limitations on the research about how bidders should bid in dynamic market. In light of this problem, this paper gives strategy for bidders who consider different factors in dynamic market, and simulates the multi-round auction on JADE platform. Experimental results show that the approaches which considering the two factors such as bidding time and the number of participants is helpful to make faster and better bargain in dynamic auction.