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| Author: | Teich, J. Wallenius, H. Wallenius, J. |
| Title: | Multiple-issue auction and market algorithms for the world wide web |
| Journal: | Decision Support Systems
1999 : JUL, VOL. 26:1, p. 49-66 |
| Index terms: | Decision making Decision support systems Internet Electronic commerce Auctions Negotiation Models |
| Freeterms: | Intelligent agents World Wide Web |
| Language: | eng |
| Abstract: | The Internet (WWW) is quickly changing the way business-to-consumer and business-to-business commerce is conducted in the world. The Electronic Revolution has also spawned a trend of price wars and, in some instances, chaos, because of the zero-sum nature of the electronic channel. In this paper, simple multiple-issue algorithms and heuristics are developed that could be used in electronic auctions and electronic markets, to match businesses to businesses and consumers based on dovetailing underlying interests and preferences. Arguments are provided that such dovetailed matches should help stabilize markets and make them more efficient. |
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