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Bidding strategies for realistic multi-unit sealed-bid auctions [PDF]
Autonomous Agents and Multi-Agent Systems, 2009 When autonomous agents decide on their bidding strategies in real world auctions, they have a number of concerns that go beyond the models that are normally analyzed in traditional auction theory. Oftentimes, the agents have budget constraints and the auctions have a reserve price, both of which restrict the bids the agents can place.
Ioannis A. Vetsikas +1 more
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Jump Bidding Strategies in Internet Auctions [PDF]
Management Science, 2004 Abidding strategy commonly observed in Internet auctions is that of “jump bidding,” or entering a bid larger than what is necessary to be a currently winning bidder. In this paper, we argue that the cost associated with entering online bids and the uncertainty about future entry—both of which distinguish Internet from live auctions—can explain this ...
Robert F Easley
exaly +2 more sources
Study on Countermeasures of Unbalanced Quotation [PDF]
E3S Web of Conferences, 2020 This paper takes the unbalanced quotation method in the process of project bidding as the research object, analyzes its common means, causes and possible consequences.
Wan Yun, Wu Lang
doaj +1 more source
IEEE Access, 2021 In countries with large-scale power systems and nascent electricity markets, the inter-regional electricity trading aggregators (IRETAs) are in charge of participating in inter-regional electricity trading (IRET) on behalf of the generators and loads ...
Libang Guo +3 more
doaj +1 more source
Energy Reports, 2022 The carbon emission right is considered as an effective way to reduce carbon emissions in the power industry, especially under the global goal of carbon neutral.
Pei Wang +11 more
doaj +1 more source
Targeting the Strategies of a Bid Sniper [PDF]
2011 44th Hawaii International Conference on System Sciences, 2011 Bid sniping is a dubious practice used in online auctions whereby a bidder makes a bid in the closing moments in an attempt to deny other bidders time to react. The primary goal for a bid sniper is to win the auction for the lowest price possible, without the risk of being forced into submitting any higher bids if there is competition for the item ...
Jarrod Trevathan +3 more
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Research on Basic Characteristics and Bidding Strategy of Thermal Power Units in Fujian Spot Market [PDF]
E3S Web of Conferences, 2021 In the electricity market environment, thermal power units have changed from the executors of power production under the monopoly mechanism to the decision-makers of production and operation under the competitive environment.
Song Yuhui +3 more
doaj +1 more source
Intelligent Bidding Strategies for Prosumers in Local Energy Markets Based on Reinforcement Learning
IEEE Access, 2022 Local energy markets (LEMs) are proposed in recent years as a way to enable local prosumers and community to trade their electricity and have control over their electrical related resources by ensuring that electricity is traded closer to where it is ...
Godwin C. Okwuibe +5 more
doaj +1 more source
A Dynamic Bidding Strategy Based on Model-Free Reinforcement Learning in Display Advertising
IEEE Access, 2020 Real-time bidding (RTB) is one of the most striking advances in online advertising, where the websites can sell each ad impression through a public auction, and the advertisers can participate in bidding the impression based on its estimated value.
Mengjuan Liu +4 more
doaj +1 more source
Optimal strategies in sequential bidding
International Joint Conference on Autonomous Agents and Multiagent Systems, 2009 We are interested in mechanisms that maximize the final social welfare. In [1] this problem was studied for multi-unit auctions with unit demand bidders and for the public project problem, and in each case social welfare undominated mechanisms in the class of feasible and incentive compatible mechanisms were identified.
K.R. Apt (Krzysztof) +1 more
openaire +5 more sources