Buyers gain control in online auctions with new multi-attribute model.
The article explores how auctioneer preferences impact online auctions with multiple attributes. A model is created where buyers and sellers interact, with buyers revealing their preferences and values at the start. Buyer and seller agents then negotiate bids based on these attributes. This model allows buyers to control the negotiation process for each attribute. The method is shown to be effective through a numerical example with multiple participants, avoiding the limitations of traditional models and effectively managing the auction process.