FM: A Test-bed for Auction Markets

Rodríguez-Aguilar, J.A and Martin, F.J and Giménez, F.J and Gutiérrez, D and Garcia, P and Sierra, C and Noriega, P (1998) FM: A Test-bed for Auction Markets. AgentLink News (1). pp. 9-10.

Abstract

Internet is spawning many new markets. In this sense, we observe that the proliferation of on-line auctions in the Internet—-such as Auctionline1, Onsale2, InterAUCTION3, eBay4, and many others —- has established auctioning as a mainstream form of electronic commerce. Thus, agent-mediated auctions appear asa convenient mechanism for automated trading, due not only to the simplicity of their conventions for interaction when multi-party negotiations are involved, but also to the fact that on-line auctions may successfully reduce storage, delivery or clearing house costs in many markets.

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