Decision Sciences
8 years ago

Auctions Revolutionize Resource Allocation Among Selfish Agents in Multiagent Systems

Cambridge University Press eBooks
Protocols for Multiagent Resource Allocation: Auctions
Yoav Shoham, Kevin Leyton‐Brown

Paper Summary

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The article discusses how to divide resources among selfish agents in a group using auctions. Different types of auctions are explored, such as single-item, multiple-item, and combined auctions. These auctions offer a solution to the resource allocation problem in multiagent systems, providing insights from theory, practice, and computation.