SSEL/CASSEL Multistage

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Double Auction

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Description

This implementation supports auctions in which both sellers and buyers submit bids which are then ranked highest to lowest to generate demand and supply profiles. From the profiles, the maximum quantity exchanged can be determined by matching selling offers (starting with lowest price and moving up) with demand bids (starting with highest price and moving down). This format allows buyers to make offers and sellers to accept those offers at any particular moment.

Reference

Limitations

With the current implementation, although multiple items can be on market, only one unit per item can be auctioned at a time.

Sample Parameter File

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