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This paper presents an analysis of entries in the first TAC market design competition final that compares the entries across several scenarios. The analysis complements previous work analyzing the 2007 competition, demonstrating some vulnerabilities of entries that placed highly in the competition. The paper also suggests a simple strategy that would have performed well.
Auctions are pervasive in todaypsilas society and provide a variety of real markets. This article facilitates a strategic choice between a set of available trading strategies by introducing a methodology to approximate heuristic payoff tables by normal form games. An example from the auction domain is transformed by this means and an evolutionary game theory analysis is applied subsequently. The information...
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