Abstract
Auctions are pervasive in today's society. They provide a variety of markets, ranging from consumer-toconsumer online auctions to government-to-business auctions for telecommunications spectrum licenses. Starting from a set of trading strategies, this article enables a strategic choice by introducing the use of linear programming as a methodology to approximate heuristic payoff tables by normal form games. This method is evaluated on data from auction simulation by applying an evolutionary game theory analysis. The ...
| Original language | English |
|---|---|
| Number of pages | 8 |
| Publication status | Published - 2008 |
Keywords
- Auction theory
- Evolutionary game theory
- Multi-agent games