A continuous space of auction mechanisms is explored via a genetic algorithm, with ZIP artificial trading agents ope rating 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 are regularly found to give the most desirable market dynamics. © 2002 IEEE.
CITATION STYLE
Cliff, D. (2002). Evolution of market mechanism through a continuous space of auction-types. In Proceedings of the 2002 Congress on Evolutionary Computation, CEC 2002 (Vol. 2, pp. 2029–2034). IEEE Computer Society. https://doi.org/10.1109/CEC.2002.1004555
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