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FAucS
: An FCC Spectrum Auction Simulator for Autonomous Bidding Agents
| Book Series | Lecture Notes in Computer Science |
| Publisher | Springer Berlin / Heidelberg |
| ISSN | 0302-9743 (Print) 1611-3349 (Online) |
| Volume | Volume 2232/2001 |
| Book | Electronic Commerce |
| DOI | 10.1007/3-540-45598-1 |
| Copyright | 2001 |
| ISBN | 978-3-540-42878-7 |
| DOI | 10.1007/3-540-45598-1_14 |
| Pages | 139-151 |
| Subject Collection | Computer Science |
| SpringerLink Date | Monday, January 01, 2001 |
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FAucS: An FCC Spectrum Auction Simulator for Autonomous Bidding Agents
János A. Csirik6 , Michael L. Littman6 , Satinder Singh7 and Peter Stone6 
| (6) |
AT&T Labs - Research, 180 Park Ave, 07932 Florham Park, NJ |
| (7) |
Syntek Capital, 423 West 55th Street, 10019 New York, NY |
Abstract
We introduce FAucS, a software testbed for studying automated agent bidding strategies in simulated auctions, specifically the United States
FCC wireless frequency spectrum auctions. In addition to the complexity of these auctions, which provides ample opportunities
for intelligent approaches to bidding, this type of auction has huge commercial importance, each bringing in billions of dollars
to governments around the world. We implement straightforward sample agents in FAucS and use them to replicate known beneficial bidding strategies in this type of auction. We then discuss potential in-depth
studies of autonomous bidding agent behaviors using FAucS. The main contribution of this work is the implementation, description, and empirical validation of the FAucS testbed. We present it as a challenging and promising AI research domain.
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