Summary
International Symposium on Nonlinear Theory and its Applications
2009
Session Number:A2L-C
Session:
Number:A2L-C2
Analysis of Profits/Prices Changes in Formalizing Collaboration among Agents through Double Auctions and Suppression of Fluctuations
Seigo Matsuno, Shozo Tokinaga,
pp.-
Publication Date:2009/10/18
Online ISSN:2188-5079
Summary:
As a basic model, we assume that a firm agent produces goods by using support of another outer agents with several cost for labor procurement. Then, the profit of a firm changes under a certain condition despites constant labor price. We extend the model where labors are purchased in a pool market in a competitive manner. If agents try to adjust bid price for the next auction to improve their profits and the utilization of labor stock, then labor prices show fluctuations. Condition for inducing fluctuations and the suppression scheme are discussed.