Auction using Multi-Agent System

Abstract: An Auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder. In some cases, an auction may refer to any mechanism or set of trading rules for exchange. An auction is a procedure of buying and selling goods or services by bid and then selling the item to the highest bidder. Currently there are different strategies and many auction methodologies like English auction, Dutch auction, Sealed bid auctions and so on .In this paper, we introduce one such methodologies called the blind auction its simple predefined bidding ways for auction agents and bidding agents. To illustrate the feasibility of our approach, we implemented an agent- based auction systems demonstrating how agent based blind auctions generally happen using JADE, and illustrated how a flexible and complex bidding strategies can be precisely specified and efficiently executed. Keywords: Agents, Multi-Agent, Auction, Bidding, JADE.