With the development of Big Data and the Internet of Things(IoT),the data value is more significant in both academia and industry.Trading can achieve maximal data value and prepare data for smart city services.Due to ...With the development of Big Data and the Internet of Things(IoT),the data value is more significant in both academia and industry.Trading can achieve maximal data value and prepare data for smart city services.Due to data's unique characteristics,such as dispersion,heterogeneity and distributed storage,an unbiased platform is necessary for the data trading market with rational trading entities.Meanwhile,there are multiple buyers and sellers in a practical data trading market,and this makes it challenging to maximize social welfare.To solve these problems,this paper proposes a Social-Welfare-Oriented Many-to-Many Trading Mechanism(SOMTM),which integrates three entities,a trading process and an algorithm named Many-to-Many Trading Algorithm(MMTA).Based on the market scale,market dominated-side and market fixed-side,simulations verify the convergency,economic properties and efficiency of SOMTM.展开更多
A homogenous multi-unit auction model is studied in two conditions: One is that the bidders face budget constraints and another is that the bidders do not face budget constraints. Two equilibrium bidding strategies o...A homogenous multi-unit auction model is studied in two conditions: One is that the bidders face budget constraints and another is that the bidders do not face budget constraints. Two equilibrium bidding strategies of each bidder are presented in these two conditions. By comparing them, the authors show that the equilibrium unit price bid in the presence of budget constraints will be less than that in the absence of budget constraints. The difference between the two equilibrium bids leads to the reduced revenue of the seller. And this difference will decrease as the number of the bidders increases.展开更多
The authors propose a new protocol for muhizzitem electronic auctions. It has the following advantages: first, the protocol is more applicable and flexible than the previous protocols, in this protocol, each bidder c...The authors propose a new protocol for muhizzitem electronic auctions. It has the following advantages: first, the protocol is more applicable and flexible than the previous protocols, in this protocol, each bidder can decide how many items to buy according to diiferent bidding prices, which are set by the seller at the beginning of the auction; second, privacy is well preserved, no third parties are needed in the protocol and the auction outcome is jointly computed by the bidders on their own without uncovering any additional information.展开更多
In this paper, we designed a customer-centered data warehouse system with five subjects: listing, bidding, transaction, accounts, and customer contact based on the business process of online auction companies. For ea...In this paper, we designed a customer-centered data warehouse system with five subjects: listing, bidding, transaction, accounts, and customer contact based on the business process of online auction companies. For each subject, we analyzed its fact indexes and dimensions. Then take transaction subject as example, analyzed the data warehouse model in detail, and got the multi-dimensional analysis structure of transaction subject. At last, using data mining to do customer segmentation, we divided customers into four types: impulse customer, prudent customer, potential customer, and ordinary customer. By the result of multi-dimensional customer data analysis, online auction companies can do more target marketing and increase customer loyalty.展开更多
Sealed-bid auctions are a vital transaction tool in the e-commerce field.Traditional centralized auction schemes typically result in severe threats to data integrity,information transparency,and traceability owing to ...Sealed-bid auctions are a vital transaction tool in the e-commerce field.Traditional centralized auction schemes typically result in severe threats to data integrity,information transparency,and traceability owing to their excessive reliance on third parties,and blockchain-based auction schemes generally suffer from high storage costs and are deficient in functional and architectural design.To solve these problems,this study presents a sealed-bid auction scheme that removes the third-party based on an Ethereum smart contract,ensuring data integrity,openness,and transparency in the execution process.The commitment mechanism and distributed storage system help to significantly reduce the user’s storage cost and protect the privacy of user bids.For the functional design,this study introduces a fulltext-retrieval and dispute-processing module for commodities,which reduces the defects existing in the functional module design of existing auction systems.Furthermore,a prototype auction system on the Ethereum test chain is built to validate the proposed scheme.Experiments show that compared with traditional storage methods,indirect storage based on a distributed storage system of texts and images can reduce the storage cost by at least 50%while ensuring data integrity.Finally,the gas cost at each stage of the auction scheme and the time required for the full-text retrieval of products are recorded to evaluate the scheme performance and analyze the test results.展开更多
Winner determination is one of the main challenges in combinatorial auctions. However, not much work has been done to solve this problem in the case of reverse auctions using evolutionary techniques. This has motivate...Winner determination is one of the main challenges in combinatorial auctions. However, not much work has been done to solve this problem in the case of reverse auctions using evolutionary techniques. This has motivated us to propose an improvement of a genetic algorithm based method, we have previously proposed, to address two important issues in the context of combinatorial reverse auctions: determining the winner(s) in a reasonable processing time, and reducing the procurement cost. In order to evaluate the performance of our proposed method in practice, we conduct several experiments on combinatorial reverse auctions instances. The results we report in this paper clearly demonstrate the efficiency of our new method in terms of processing time and procurement cost.展开更多
The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping i...The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping inflation have influenced the creation of a bull market in artwork.The high incomes of some buyers and inflation have influenced the emergence of the so-called“glittery”art market.Works by neglected artists have“very much taken on a life of their own”:fantasy art,works by young poster artists,casting“nightmares”-have been selling well for more than a year.People terrified of inflation are putting their money“in works of art”.The auction market dominates the primary market because anonymity makes it easier to enter the art market.The gallery market does not guarantee this anonymity.Very often,the auction market for works of art is used for money laundering.The purpose of this paper is to show that auction mechanisms are a good tool for the efficient allocation of goods and money in an era of galloping inflation,including non-standard objects such as works of art.These mechanisms,due to the information asymmetry,often lead to the generation of all kinds of pathologies and the increasing incidence of the phenomenon known as the winner’s curse.展开更多
This paper deals with the security voting structure in an auction mechanism used to sell an item Of high-tech. The design of security voting structure allows the seller to choose between two objectives that are not mu...This paper deals with the security voting structure in an auction mechanism used to sell an item Of high-tech. The design of security voting structure allows the seller to choose between two objectives that are not mutually consistent. However, if the seller wants to maximize his revenue, he should retain some shares to benefit from the future dividends generated by the acquirer. In addition, if he wants to sell his high-tech to the most efficient candidate, he should sell all the shares.展开更多
Although blockchain technology has received a significant amount of cutting-edge research on constructing a novel carbon trade market in theory,there is little research on using blockchain in carbon emission trading s...Although blockchain technology has received a significant amount of cutting-edge research on constructing a novel carbon trade market in theory,there is little research on using blockchain in carbon emission trading schemes(ETS).This study intends to address existing gaps in the literature by creating and simulating an ETS system based on blockchain technology.Using the ciphertext-policy attributed-based encryption algorithm and the Fabric network to build a platform may optimize the amount of data available while maintaining privacy security.Considering the augmentation of information interaction during the auction process brought about by blockchain,the learning behavior of bidding firms is introduced to investigate the impact of blockchain on ETS auction.In particular,implementing smart contracts can provide a swift and automatic settlement.The simulation results of the proposed system demonstrate the following:(1)fine-grained access is possible with a second delay;(2)the average annual compliance levels increase by 2%when bidders’learning behavior is considered;and(3)the blockchain network can process more than 350 reading operations or 7 writing operations in a second.Novel cooperative management of an ETS platform based on blockchain is proposed.The data access control policy based on CP-ABE is used to solve the contradiction between data privacy on the firm chain and government supervision.A learned auction strategy is proposed to suit the enhancement of information interaction caused by blockchain technology.This study provides a new method for climate change policymakers to consider the blockchain application of the carbon market.展开更多
Offloading Mobile Devices(MDs)computation tasks to Edge Nodes(ENs)is a promising solution to overcome computation and energy resources limitations of MDs.However,there exists an unreasonable profit allocation problem ...Offloading Mobile Devices(MDs)computation tasks to Edge Nodes(ENs)is a promising solution to overcome computation and energy resources limitations of MDs.However,there exists an unreasonable profit allocation problem between MDs and ENs caused by the excessive concern on MD profit.In this paper,we propose an auction-based computation offloading algorithm,inspiring ENs to provide high-quality service by maximizing the profit of ENs.Firstly,a novel cooperation auction framework is designed to avoid overall profit damage of ENs,which is derived from the high computation delay at the overloaded ENs.Thereafter,the bidding willingness of each MD in every round of auction is determined to ensure MD rationality.Furthermore,we put forward a payment rule for the pre-selected winner to effectively guarantee auction truthfulness.Finally,the auction-based profit maximization offloading algorithm is proposed,and the MD is allowed to occupy the computation and spectrum resources of the EN for offloading if it wins the auction.Numerical results verify the performance of the proposed algorithm.Compared with the VA algorithm,the ENs profit is increased by 23.8%,and the task discard ratio is decreased by 7.5%.展开更多
With manufacturing slowly recovering amid improving economic conditions, cotton demand has increased prompting more orders among mills. However, with a deficient supply of cotton in the market, prices extend gains sin...With manufacturing slowly recovering amid improving economic conditions, cotton demand has increased prompting more orders among mills. However, with a deficient supply of cotton in the market, prices extend gains since Oct. 2009.展开更多
利用清洁能源发电富余电力电解水制氢,绿色氢能实现了生产源头的二氧化碳零排放,在全球能源转型中扮演着重要角色。针对绿色氢能证书市场机制不健全等问题,该文提出一种考虑绿色氢能证书组合双向拍卖和水电制氢的综合能源系统优化运行...利用清洁能源发电富余电力电解水制氢,绿色氢能实现了生产源头的二氧化碳零排放,在全球能源转型中扮演着重要角色。针对绿色氢能证书市场机制不健全等问题,该文提出一种考虑绿色氢能证书组合双向拍卖和水电制氢的综合能源系统优化运行方法。首先,为解决园区内绿色氢能证书价格和数量匹配不均衡的问题,提出绿色氢能证书组合双向拍卖(combinatorial double auction,CDA)交易机制竞价模型;其次,建立含水电制氢的综合能源系统优化模型,并将绿色氢能证书组合双向拍卖机制引入其中;最后,以某省含水电制氢的综合能源系统为例进行仿真分析,结果表明所提模型不仅能有效提高综合能源系统(integrated energy system,IES)的运行经济性,也能提升可再生能源的消纳量。展开更多
文摘With the development of Big Data and the Internet of Things(IoT),the data value is more significant in both academia and industry.Trading can achieve maximal data value and prepare data for smart city services.Due to data's unique characteristics,such as dispersion,heterogeneity and distributed storage,an unbiased platform is necessary for the data trading market with rational trading entities.Meanwhile,there are multiple buyers and sellers in a practical data trading market,and this makes it challenging to maximize social welfare.To solve these problems,this paper proposes a Social-Welfare-Oriented Many-to-Many Trading Mechanism(SOMTM),which integrates three entities,a trading process and an algorithm named Many-to-Many Trading Algorithm(MMTA).Based on the market scale,market dominated-side and market fixed-side,simulations verify the convergency,economic properties and efficiency of SOMTM.
基金supported by the National Natural Science Foundation of China under Grant No.70771041the Scientific Research Foundation for the Returned Overseas Chinese Scholars from State Education Ministry
文摘A homogenous multi-unit auction model is studied in two conditions: One is that the bidders face budget constraints and another is that the bidders do not face budget constraints. Two equilibrium bidding strategies of each bidder are presented in these two conditions. By comparing them, the authors show that the equilibrium unit price bid in the presence of budget constraints will be less than that in the absence of budget constraints. The difference between the two equilibrium bids leads to the reduced revenue of the seller. And this difference will decrease as the number of the bidders increases.
基金Supported bythe National Natural Science Foundationof China (90104035)
文摘The authors propose a new protocol for muhizzitem electronic auctions. It has the following advantages: first, the protocol is more applicable and flexible than the previous protocols, in this protocol, each bidder can decide how many items to buy according to diiferent bidding prices, which are set by the seller at the beginning of the auction; second, privacy is well preserved, no third parties are needed in the protocol and the auction outcome is jointly computed by the bidders on their own without uncovering any additional information.
基金Supported by the National Natural Science Foundation of China (70471037)211 Project Foundation of Shanghai University (8011040506)
文摘In this paper, we designed a customer-centered data warehouse system with five subjects: listing, bidding, transaction, accounts, and customer contact based on the business process of online auction companies. For each subject, we analyzed its fact indexes and dimensions. Then take transaction subject as example, analyzed the data warehouse model in detail, and got the multi-dimensional analysis structure of transaction subject. At last, using data mining to do customer segmentation, we divided customers into four types: impulse customer, prudent customer, potential customer, and ordinary customer. By the result of multi-dimensional customer data analysis, online auction companies can do more target marketing and increase customer loyalty.
基金National Natural Science Foundation of China(62173066)Open Project of Sichuan Provincial Key Laboratory of Intelligent Terminal Co-built by Province and City(SCITLAB-1014)。
文摘Sealed-bid auctions are a vital transaction tool in the e-commerce field.Traditional centralized auction schemes typically result in severe threats to data integrity,information transparency,and traceability owing to their excessive reliance on third parties,and blockchain-based auction schemes generally suffer from high storage costs and are deficient in functional and architectural design.To solve these problems,this study presents a sealed-bid auction scheme that removes the third-party based on an Ethereum smart contract,ensuring data integrity,openness,and transparency in the execution process.The commitment mechanism and distributed storage system help to significantly reduce the user’s storage cost and protect the privacy of user bids.For the functional design,this study introduces a fulltext-retrieval and dispute-processing module for commodities,which reduces the defects existing in the functional module design of existing auction systems.Furthermore,a prototype auction system on the Ethereum test chain is built to validate the proposed scheme.Experiments show that compared with traditional storage methods,indirect storage based on a distributed storage system of texts and images can reduce the storage cost by at least 50%while ensuring data integrity.Finally,the gas cost at each stage of the auction scheme and the time required for the full-text retrieval of products are recorded to evaluate the scheme performance and analyze the test results.
文摘Winner determination is one of the main challenges in combinatorial auctions. However, not much work has been done to solve this problem in the case of reverse auctions using evolutionary techniques. This has motivated us to propose an improvement of a genetic algorithm based method, we have previously proposed, to address two important issues in the context of combinatorial reverse auctions: determining the winner(s) in a reasonable processing time, and reducing the procurement cost. In order to evaluate the performance of our proposed method in practice, we conduct several experiments on combinatorial reverse auctions instances. The results we report in this paper clearly demonstrate the efficiency of our new method in terms of processing time and procurement cost.
文摘The art market,following the example of financial markets,is divided into a primary market,where works are traded directly from artists,and a secondary market that is mainly the auction market.COVID-19 and galloping inflation have influenced the creation of a bull market in artwork.The high incomes of some buyers and inflation have influenced the emergence of the so-called“glittery”art market.Works by neglected artists have“very much taken on a life of their own”:fantasy art,works by young poster artists,casting“nightmares”-have been selling well for more than a year.People terrified of inflation are putting their money“in works of art”.The auction market dominates the primary market because anonymity makes it easier to enter the art market.The gallery market does not guarantee this anonymity.Very often,the auction market for works of art is used for money laundering.The purpose of this paper is to show that auction mechanisms are a good tool for the efficient allocation of goods and money in an era of galloping inflation,including non-standard objects such as works of art.These mechanisms,due to the information asymmetry,often lead to the generation of all kinds of pathologies and the increasing incidence of the phenomenon known as the winner’s curse.
文摘This paper deals with the security voting structure in an auction mechanism used to sell an item Of high-tech. The design of security voting structure allows the seller to choose between two objectives that are not mutually consistent. However, if the seller wants to maximize his revenue, he should retain some shares to benefit from the future dividends generated by the acquirer. In addition, if he wants to sell his high-tech to the most efficient candidate, he should sell all the shares.
基金supported by the National Natural Science Foundation of China(No.72104075,71850012,72274056)the National Social Science Fund of China(No.19AZD014,21&ZD125)+2 种基金the Major Special Projects of the Department of Science and Technology of Hunan province(No.2018GK1020)the Natural Science Foundation of Hunan Province(No.2022JJ40106)the China Association for Science and Technology(No.20220615ZZ07110402),and Hunan University Youth Talent Program.
文摘Although blockchain technology has received a significant amount of cutting-edge research on constructing a novel carbon trade market in theory,there is little research on using blockchain in carbon emission trading schemes(ETS).This study intends to address existing gaps in the literature by creating and simulating an ETS system based on blockchain technology.Using the ciphertext-policy attributed-based encryption algorithm and the Fabric network to build a platform may optimize the amount of data available while maintaining privacy security.Considering the augmentation of information interaction during the auction process brought about by blockchain,the learning behavior of bidding firms is introduced to investigate the impact of blockchain on ETS auction.In particular,implementing smart contracts can provide a swift and automatic settlement.The simulation results of the proposed system demonstrate the following:(1)fine-grained access is possible with a second delay;(2)the average annual compliance levels increase by 2%when bidders’learning behavior is considered;and(3)the blockchain network can process more than 350 reading operations or 7 writing operations in a second.Novel cooperative management of an ETS platform based on blockchain is proposed.The data access control policy based on CP-ABE is used to solve the contradiction between data privacy on the firm chain and government supervision.A learned auction strategy is proposed to suit the enhancement of information interaction caused by blockchain technology.This study provides a new method for climate change policymakers to consider the blockchain application of the carbon market.
基金supported by National Natural Science Foundation of China under grants 61901070,61801065,61771082,61871062,U20A20157in part by the Science and Technology Research Program of Chongqing Municipal Education Commission under grants KJQN202000603,KJQN201900611+1 种基金in part by the Natural Science Foundation of Chongqing under grant cstc2020jcyjzdxmX0024part by University Innovation Research Group of Chongqing under grant CXQT20017.
文摘Offloading Mobile Devices(MDs)computation tasks to Edge Nodes(ENs)is a promising solution to overcome computation and energy resources limitations of MDs.However,there exists an unreasonable profit allocation problem between MDs and ENs caused by the excessive concern on MD profit.In this paper,we propose an auction-based computation offloading algorithm,inspiring ENs to provide high-quality service by maximizing the profit of ENs.Firstly,a novel cooperation auction framework is designed to avoid overall profit damage of ENs,which is derived from the high computation delay at the overloaded ENs.Thereafter,the bidding willingness of each MD in every round of auction is determined to ensure MD rationality.Furthermore,we put forward a payment rule for the pre-selected winner to effectively guarantee auction truthfulness.Finally,the auction-based profit maximization offloading algorithm is proposed,and the MD is allowed to occupy the computation and spectrum resources of the EN for offloading if it wins the auction.Numerical results verify the performance of the proposed algorithm.Compared with the VA algorithm,the ENs profit is increased by 23.8%,and the task discard ratio is decreased by 7.5%.
文摘With manufacturing slowly recovering amid improving economic conditions, cotton demand has increased prompting more orders among mills. However, with a deficient supply of cotton in the market, prices extend gains since Oct. 2009.
文摘利用清洁能源发电富余电力电解水制氢,绿色氢能实现了生产源头的二氧化碳零排放,在全球能源转型中扮演着重要角色。针对绿色氢能证书市场机制不健全等问题,该文提出一种考虑绿色氢能证书组合双向拍卖和水电制氢的综合能源系统优化运行方法。首先,为解决园区内绿色氢能证书价格和数量匹配不均衡的问题,提出绿色氢能证书组合双向拍卖(combinatorial double auction,CDA)交易机制竞价模型;其次,建立含水电制氢的综合能源系统优化模型,并将绿色氢能证书组合双向拍卖机制引入其中;最后,以某省含水电制氢的综合能源系统为例进行仿真分析,结果表明所提模型不仅能有效提高综合能源系统(integrated energy system,IES)的运行经济性,也能提升可再生能源的消纳量。