A Software Platform for Research on Auction Mechanisms
DOI:
https://doi.org/10.26636/jtit.2011.3.1156Keywords:
auctions, market simulation, multi-commodity marketsAbstract
The platform for research on auction mechanisms is a distributed simulation framework providing means to carry out research on resource allocation efficiency mechanisms and user strategies. Both kinds of algorithms examined are completely user-defined. Interaction of algorithms is recorded and pre-defined measures for the final resource allocation are calculated. Underlying database design provides for efficient results lookup and comparison across different experiments, thus enabling research groupwork. A recognised, open and flexible information model is employed for experiment descriptions.
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