Accepted:
December 2004
| |
/vol11/sato01/ | © Copyright 2005 | |||
| Volume 11 | Received: Accepted: |
November 2004 December 2004 |
|||
|
Information guidance to human trader by machine trader in oligopoly market
Hiroshi Sato and Akira Namatame |
|
| Abstract | |
| Distributing limited resources efficiently by self-interested individual agents is a fundamental issue in many areas and is still an unsolved problem. In recent years, various approaches have been attempted to allocate efficient resources with the principle of the market-oriented mechanism which is based on an oligopoly game. In this paper, we develop the experimental environment for a repeated oligopoly game in which each player plays the game over time using the computer network. We report the results of experiments and discuss what kind of information will lead to collective performance that seems to be desirable in an asymmetric oligopoly market. By means of experiments, we confirmed that the ways of providing information guidance to each player can considerably improve the overall performance of the market. | |
| Full Text |
|
|
Multimedia Links (none) Reference Links (none) Citation Reference Hiroshi Sato and Akira Namatame 2005, Information guidance to human trader by machine trader in oligopoly market, Complexity International, Volume 11, Paper ID: sato01, URL: http://www.complexity.org.au/vol11/sato01/ |
Get viewers for PS & PDF   |
