The Auction Table, shown below, gives you a quantitative, real-time view of the auction in progress.
The columns are:
ID |
The ID of the bidder. A bidder agent The program that interacts with the rest of Merkato on behalf of buyers and sellers. Buyers can acquire bandwidth by configuring their agents to offer the price they are willing to pay for a range of available quantity, or use their agent to request a quote for a fixed-price bandwidth reservation. Sellers configure their agents with a quantity of bandwidth for sale and a minimum price they are willing to accept for that quantity. receives a new ID whenever it is uploaded to or downloaded from the garage A server from which buyer and seller agents can bid when they are not actively bidding on a user's PC desktop. The garage is generally installed on the Merkato server, providing maximum performance and reliability. . |
Quantity |
The quantity requested in the last bid placed (note that this may be split into multiple rows, as explained below). |
Price |
The price (unit price) requested in the last bid placed. |
Rate |
The rate represented by the bid. It is the maximum cost represented by that bid, but not necessarily the price that will be paid by the bidder. |
The rows are:
Your Dynamic Seller agent’s last bid is shown with in red. The last bids of all other agents are shown in black (in the blue shaded area) or in yellow (in the black area). |
Any bidders that receive an allocation of bandwidth are shown in the blue shaded area. (The Dynamic Seller agent is in the blue area if bandwidth supply exceeds demand.) Any bidder who does not receive an allocation is shown in the black area. Bidders that receive only a portion of an allocation are shown in both the blue and black areas, with their quantities split accordingly. |
Bidders currently unsuccessful in the auction round are shown in the black area. The price offered by unsuccessful bidders forms the basis for the actual cost paid by your agent if it receives an allocation. If you are currently winning an auction round, the rates shown in the yellow-shaded area are the rates offered by bidders whose combined rate offers your offer has exceeded. These bidders are thus pushed out by your agent’s bid. |
(See Merkato Auction Mechanism: The Progressive Second Price Auction.)