**Figure:** NAgent Bidding Strategy Profile

Let us define

where *r* and *n* stand respectively for the current round index and current
auction length(total of bidding rounds). Then the bid submitted by the agent
during the next bidding round will be calculated as

where stands for the starting price of good , and and are free variables that must become instantiated.

Fri Oct 16 15:39:57 MET DST 1998