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An Internet Trading Platform for Testing Auction and Exchange Mechanisms

An Internet Trading Platform for Testing Auction and Exchange Mechanisms

Haiying Qiao, Hui Jie, Dong-Qing Yao
Copyright: © 2008 |Pages: 15
ISBN13: 9781599046365|ISBN10: 1599046369|ISBN13 Softcover: 9781616926397|EISBN13: 9781599046389
DOI: 10.4018/978-1-59904-636-5.ch014
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MLA

Qiao, Haiying, et al. "An Internet Trading Platform for Testing Auction and Exchange Mechanisms." Best Practices for Online Procurement Auctions, edited by Diane H. Parente, IGI Global, 2008, pp. 215-229. https://doi.org/10.4018/978-1-59904-636-5.ch014

APA

Qiao, H., Jie, H., & Yao, D. (2008). An Internet Trading Platform for Testing Auction and Exchange Mechanisms. In D. Parente (Ed.), Best Practices for Online Procurement Auctions (pp. 215-229). IGI Global. https://doi.org/10.4018/978-1-59904-636-5.ch014

Chicago

Qiao, Haiying, Hui Jie, and Dong-Qing Yao. "An Internet Trading Platform for Testing Auction and Exchange Mechanisms." In Best Practices for Online Procurement Auctions, edited by Diane H. Parente, 215-229. Hershey, PA: IGI Global, 2008. https://doi.org/10.4018/978-1-59904-636-5.ch014

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Abstract

In this chapter we present a generic electronic market platform that is designed to run different kinds of auctions and exchanges. Researchers can use the platform to implement different electronic market mechanisms, simulate the market behavior of their interests, and experiment with it. A generic OR/XOR bidding language that can express different OR/XOR combinations is implemented for Web interfaces. Different auctions including combinatorial auctions, multiple-round reverse auctions and multiple homogeneous good auctions have been built and run successfully on the platform.

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