James Nolan

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James Nolan

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A Multi-Agent Simulation Approach to Farmland Auction Markets

James Nolan | Published Wed Jun 22 03:04:02 2011 | Last modified Sat Apr 27 20:18:19 2013

This model explores the effects of agent interaction, information feedback, and adaptive learning in repeated auctions for farmland. It gathers information for three types of sealed-bid auctions, and one English auction and compares the auctions on the basis of several measures, including efficiency, price information revelation, and ability to handle repeated bidding and agent learning.

Under development.

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