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Abstract: I present a decentralized market protocol for allocating and scheduling tasks among agents to form supply chains. The protocol resolves constraints arising from hierarchical subtask relationships and resource scarcity. Agents negotiate through auctions according to specified bidding policies, and the auctions in turn determine the allocations and prices of the tasks and resources. I describe some equilibrium, convergence, and optimality properties of the system. I propose to further analyze the ... (Update)
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BibTeX entry: (Update)
William E. Walsh and Michael P. Wellman. A market protocol for decentralized task allocation. In Third International Conference on Multi-Agent Systems, pages 325--332, 1998. http://citeseer.ist.psu.edu/walsh98market.html More
@misc{ walsh98market,
author = "W. Walsh and M. Wellman",
title = "A market protocol for decentralized task allocation",
text = "William E. Walsh and Michael P. Wellman. A market protocol for decentralized
task allocation. In Third International Conference on Multi-Agent Systems,
pages 325--332, 1998.",
year = "1998",
url = "citeseer.ist.psu.edu/walsh98market.html" }
Citations (may not include all citations):206 Negotiation as a metaphor for distributed problem solving (context) - Davis, Smith - 1983
184 Computationally manageable combinatorial auctions - Rothkopf, Pekec et al. - 1998
184 A market-oriented programming environment and its applicatio.. - Wellman - 1993
177 An implementation of the contract net protocol based on marg.. - Sandholm - 1993
156 Auctions and bidding (context) - McAfee, McMillan - 1987
96 auctions and competitive sealed tenders (context) - Vickrey - 1961
79 Selling spectrum rights (context) - McMillan - 1994
78 Auction protocols for decentralized scheduling - Wellman, Walsh et al. - 1998
74 Analyzing the airwaves auction - McAfee, McMillan - 1996
63 A combinatorial auction mechanism for airport time slot allo.. (context) - Rassenti, Smith et al. - 1982
60 The walras algorithm: A convergent distributed implementatio.. - Cheng, Wellman - 1998
48 The Double Auction Market: Institutions (context) - Friedman, Rust - 1993
46 A market protocol for decentralized task allocation - Walsh, Wellman - 1998
39 Generalized Vickrey auctions (context) - Varian, MacKie-Mason - 1994
39 Multi-item auctions (context) - Demange, Gale et al. - 1986
36 Some economics of market-based distributed scheduling - Walsh, Wellman et al. - 1998
35 The many faces of consensus in distributed systems (context) - Turek, Shasha - 1992
34 Competitive equilibrium in an exchange economy with indivisi.. (context) - Bikhchandani, Mamer - 1997
34 and gross substitutes (context) - Kelso, Crawford et al. - 1982
32 Contract types for satisficing task allocation I: Theoretica.. - Sandholm - 1997
30 The assignment game I: The core (context) - Shapley, Shubik - 1972
26 Rosenschein and Gilad Zlotkin (context) - Jeffrey - 1994
24 Market-based negotiation for digital library services - Mullen, Wellman - 1996
24 Leveled commitment contracting among myopic individually rat.. - Andersson, Sandholm - 1998
23 Bilateral trade with the sealed bid k-double auction: Existe.. (context) - Satterthwaite, Williams - 1989
16 Metaphor or reality: A case study where agents bid with actu.. (context) - Baker - 1995
13 Walrasian equilibrium without complementarities (context) - Gul, Stacchetti - 1997
10 Equilibrium prices in bundle auctions - Wurman, Wellman - 1998
6 Satterthwaite and Steven R (context) - Mark
4 Auction theory in practice: The simultaneous ascending aucti.. (context) - Milgrom - 1997
4 Experimental Economics and the Problem of Allocating Airport.. (context) - Grether, of - 1989
2 Dissertation proposal (context) - Wurman, design et al. - 1997
2 Flexible double auctions for online commerce: Theory and imp.. (context) - Wurman, Walsh et al.
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