(Enter summary)
Abstract: We introduce FAucS, a software testbed for studying
automated agent bidding strategies in simulated
auctions, specifically the United States FCC wireless
frequency spectrum auctions. In addition to the
complexity of these auctions, which provides ample
opportunities for intelligent approaches to bidding,
this type of auction has huge commercial importance,
each bringing in billions of dollars to governments
around the world. We use our testbed to
demonstrate the potential benefits of... (Update)
Context of citations to this paper: More
.... optimized the set of goods they bid on given a budget constraint, but not taking into account the needs and strategies of other agents [1]. In this paper, we present a strategy by which cooperative agents can signi cantly outperform the Knapsack agents despite having highly...
...independent bids for each license. The most recent auction brought in over 16 billion dollars. In a detailed simulation of this domain [3], we discovered a novel, successful bidding strategy in this domain that allows the bidders to increase their profits significantly over...
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5: Making More from Less: Strategic Demand Reduction in the FCC Spectrum Auctions (context) - Robert - 1997
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BibTeX entry: (Update)
Csirik, J. A., Littman, M. L., Singh, S., & Stone, P. (2001). FAucS: An FCC spectrum auction simulator for autonomous bidding agents. In Proceedings of the Second International Workshop on Electronic Commerce. To appear. Available at http://www.research.att.com/~pstone/papers.html. http://citeseer.ist.psu.edu/article/csirik01faucs.html More
@article{ csirik01faucs,
author = "J{\'a}nos A. Csirik and Michael L. Littman and Satinder Singh and Peter Stone",
title = "{FAucS}: An {FCC} Spectrum Auction Simulator for Autonomous Bidding Agents",
journal = "Lecture Notes in Computer Science",
volume = "2232",
pages = "139--??",
year = "2001",
url = "citeseer.ist.psu.edu/article/csirik01faucs.html" }
Citations (may not include all citations):
86
Auction theory: A guide to the literature (context) - Klemperer - 1999
51
Shopbots and pricebots
- Greenwald, Kephart - 1999
24
The FCC spectrum auctions: An early assessment
- Cramton - 1997
21
A trading agent competition
- Wellman, Wurman et al. - 2000
17
Autonomous bidding agents in the trading agent competition
- Greenwald, Stone - 2001
10
Making more from less: Strategic demand reduction in the fcc.. (context) - Weber - 1996
9
Designing bidding strategies for trading agents in electroni.. (context) - Gimenez-Funes - 1998
7
Attac-2000: An adaptive autonomous bidding agent
- Stone, Littman et al. - 2001
5
Towards a test-bed for trading agents in electronic auction ..
- Rodrguez-Aguilar, Martn et al. - 2000
4
Multiple object auctions with budget constrained bidders (context) - Benoit, Krishna - 2000
1
carriers likely to be choosy in wireless auction (context) - Hall - 2000
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