Evolution of Market Mechanism Through
a Continuous Space of Auction-Types
Dave Cliff
Information Infrastructure Laboratory
HP Laboratories Bristol
HPL-2001-326
December 14th , 2001*
E-mail: [email protected]
genetic
algorithm,
market
mechanism,
zip traders,
market
design,
mechanism
design
A continuous space of auction mechanisms is explored via a
genetic algorithm, with ZIP artificial trading agents operating
in the evolved markets. The space of possible auction-types
includes the Continuous Double Auction and also two purely
one-sided mechanisms, yet hybrids of these auction types can
be found to give the most desirable market dynamics.
* Internal Accession Date Only
 Copyright Hewlett-Packard Company 2002
Approved for External Publication