A market mechanism is a set of rules that governs interactions among buyers and sellers and determines how to form a deal . In many real-world situations it is essential to conclude a negotiation among agents within a fixed deadline. For example, there are continuous double auctions over the Internet that require the trading period to terminate within 24 hours. Recently, auction designers have researched the effect of deadlines in auction mechanisms and have applied them to many electronic commerce applications, such as eBay and Amazon .
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