Evolution of market mechanism through a continuous space of auction-types

[摘要] A continuous space of auction mechanisms is explored via a genetic algorithm, with ZIP artificial trading agents operating in the evolved markets. The space of possible auction-types includes the Continuous Double Auction and also two purely one-sided mechanisms, yet hybrids of these auction types can be found to give the most desirable market dynamics. 9 Pages

[发布机构] HP Development Company

[学科分类] 计算机科学（综合）

[关键词] genetic algorithm;market mechanism;zip traders;market design;mechanism design