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A Market Protocol for Decentralized Task Allocation (1998)
| Content Provider | CiteSeerX |
|---|---|
| Author | Wellman, Michael P. Walsh, William |
| Description | In The Proceedings of the Third International Conference on Multi-Agent Systems (ICMAS-98 |
| Abstract | We present a decentralized market protocol for allocating tasks among agents that contend for scarce resources. Agents trade tasks and resources at prices determined by an auction protocol. We specify a simple set of bidding policies that, along with the auction mechanism, exhibits desirable convergence properties. The system always reaches quiescence. If the system reaches quiescence below the consumer 's reserve price for the high level task, it will be in a solution state. If the system finds a solution it will reach quiescence in a solution state. Experimental evidence supports our conjecture that the system will converge to a solution when one exists and the consumer bids sufficiently high. We describe the system's application to and implementation in an agent-based digital library. 1. Introduction In a multiagent system (MAS), we must often address the problem of allocating resources and effort in such a way that the resulting collection of agents can accomplish a complex task. T... |
| File Format | |
| Publisher Date | 1998-01-01 |
| Access Restriction | Open |
| Subject Keyword | Scarce Resource Consumer Bid Auction Mechanism Auction Protocol Agent-based Digital Library Market Protocol Experimental Evidence Desirable Convergence Property Reserve Price Simple Set Decentralized Task Allocation Solution State Complex Task Decentralized Market Protocol High Level Task Multiagent System Bidding Policy Agent Trade Task |
| Content Type | Text |
| Resource Type | Proceeding Conference Proceedings |
