A Reserve Price Generation Agent for an Internet Auction System 


Vol. 9,  No. 5, pp. 955-962, Oct.  2002
10.3745/KIPSTD.2002.9.5.955


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  Abstract

Commercial internet auction systems have been successfully used recently. In those systems, because reserve prices of auction items are given by sellers only, the success bid rate can be decreased due to the large difference between the reserve price and the normal price. In this paper, we propose an agent that generates reserve prices to sellers based on past auction data and item prices gathered from the web. Through performance experiments, we show that the successful bid rate increases by preventing sellers from making unreasonable reserve prices. Using the pricing agent, we design and implement an XML-based auction system on the web.

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[IEEE Style]

M. J. Ko, S. W. Kim, S. E. Park, Y. K. Lee, "A Reserve Price Generation Agent for an Internet Auction System," The KIPS Transactions:PartD, vol. 9, no. 5, pp. 955-962, 2002. DOI: 10.3745/KIPSTD.2002.9.5.955.

[ACM Style]

Min Jung Ko, Shin Woo Kim, Sung Eun Park, and Yong Kyu Lee. 2002. A Reserve Price Generation Agent for an Internet Auction System. The KIPS Transactions:PartD, 9, 5, (2002), 955-962. DOI: 10.3745/KIPSTD.2002.9.5.955.

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