Proposal of mechanism design for integrated spot and forward markets

2017 Fiscal Year Final Research Report

• Project/Area Number: 15K00326
• Research Category: Grant-in-Aid for Scientific Research (C)
• Allocation Type: Multi-year Fund
• Section: 一般
• Research Field: Intelligent informatics
• Research Institution: National Institute of Advanced Industrial Science and Technology
• Principal Investigator: Miyashita Kazuo 国立研究開発法人産業技術総合研究所, 情報・人間工学領域, 主任研究員 (00358128)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Keywords: マルチエージェントシステム / メカニズムデザイン / ダブルオークション / 消耗材

Outline of Final Research Achievements

In current markets of perishable goods, sellers are typically in a weak bargaining position since perishable products cannot be stored for long without losing their value. The market mechanism needs to be reformed in order to resolve unfairness between sellers and buyers.
To solve the problem, we incrementally improve an online double auction mechanism for perishable goods markets, which promotes buyers' truthful bidding by penalizing their failed bids without harming their individual rationality. We evaluate traders' behavior under several market conditions using multi-agent simulation and show that the developed mechanism achieves fair resource allocation among traders.

Free Research Field

知能情報学