Volume 2 Number 2 (Apr. 2012)
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IJEEEE 2012 Vol.2(2): 103-107 ISSN: 2010-3654
DOI: 10.7763/IJEEEE.2012.V2.89

Designing a Successful Electronic Market in a Multi-Agent Environment

Ehsan Samiei and Caro Lucas

Abstract—The important role of electronic markets in the realm of electronic commerce, for no one is unknown. The methods of determining the policies and rules of a market, in order to ensure its effective and optimum performance under different conditions, have attracted a lot of attentions these years. Our purpose in this paper is to clarify the existing tradeoffs through making decisions in the market on the way of achieving the targets and that how we can address these tradeoffs. These tradeoffs will be more tangible when the market is in competition with other markets and indeed in a multi-agent environment. The CAT or TAC Market Design Competition has been created as a platform for assessment of different market policies and for comparing various market strategies. In this paper, first we explain the CAT competition, and considering this platform, we will describe different parts of My Specialist, our successful proposed market. Also conducting some experiments, we will show the remarkable performance of our market in comparison with some of the successful agents offered to previous CAT tournaments.

Index Terms—Electronic market, equilibrium price, extra-marginal traders, intra-marginal traders, multi-agent.

C. Lucas is with Control and Intelligent Processing Center of Excellence, Electrical and Computer Engineering Department, University of Tehran, Tehran, Iran.
E. Samiei is with Electrical and Computer Engineering Department, University of Tehran, Tehran, Iran.

Cite: Ehsan Samiei and Caro Lucas , "Designing a Successful Electronic Market in a Multi-Agent Environment ," International Journal of e-Education, e-Business, e-Management and e-Learning vol. 2, no. 2, pp. 103-107, 2012.

General Information

ISSN: 2010-3654 (Online)
Abbreviated Title: Int. J. e-Educ. e-Bus. e-Manag. e-Learn.
Frequency: Quarterly
Editor-in-Chief: Prof. Kuan-Chou Chen
Executive Editor: Ms. Nancy Lau
Abstracting/ Indexing: EBSCO, Google Scholar, Electronic Journals Library, QUALIS, ProQuest, EI (INSPEC, IET)
E-mail: ijeeee@iap.org
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