An Internet Trading Platform for Testing Auction and Exchange Mechanisms

Haiying Qiao, Hui Jie and Dong-Qing Yao
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Haiying Qiao: University of Maryland, USA
Hui Jie: Shanghai Jiao University, China
Dong-Qing Yao: Towson University, USA

International Journal of Intelligent Information Technologies (IJIIT), 2005, vol. 1, issue 4, 20-35

Abstract: In this paper, we present a generic electronic market platform that is designed to run different kinds of auctions and exchanges. Researchers can use the platform to implement different electronic market mechanisms, simulate the market behavior of their interests, and experiment with it. A generic OR/XOR bidding language that can express different OR/XOR combinations is implemented for Web interfaces. Different auctions, including combinatorial auctions, multiple-round reverse auctions, and multiple homogeneous good auctions, have been built and run successfully on the platform.

Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jiit00:v:1:y:2005:i:4:p:20-35

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