Incentive Compatibility on Multiple Internet Auctions based on Bidding Support Agents

摘要

Agent-mediated electronic commerce has recently commanded much attention. We envision a future in which many people trade their goods by using a bidding support agent on Internet auctions. In this paper, we formalize a situation in which people are trading their goods on Internet auctions and employing bidding support agents. Then, we prove that in the above situation all participants need to submit true bids. This means that, as a whole, this situation can be viewed as an incentive compatible mechanism.