Improving Water Distribution in a Multi-Agent System Using Fixed Multiunit First-Price Sealed-Bid Auction

This paper proposes a fixed multiunit first-price sealed-bid auction that can be used to improve water distribution in a multi-agent setting that uses first-price sealed-bid auction. The proposed auction is a variation of the conventional first-price sealed-bid auction that can be used to distribute water efficiently among farmers in a community irrigation scheme during water scarcity. Our experimental result showed that the proposed auction mechanism was able to distribute more excess water to the community than first-price sealed-bid auction. In addition, the total additional profit gained in the community increased after the redistribution of excess water.