Name
Abstract | ||
|---|---|---|
The article discusses the technical challenges, business implications and research issues of agent based auctions. Electronic auctions are formalized communication procedures in which the traders' interaction is governed by specific auction rules (S. Klein, 1997). Usually, the auctioneer functions as an intermediary or agent for the sellers, but this does not have to be the case. The auction rules vary according to the trade objects and trade rules. Auctions are particularly suitable for those objects whose values are undetermined and cannot be priced directly; auctions offer an efficient mechanism in determining market prices. However, relatively fixed-priced objects can also be traded by simple one-sided auctions. In such a case, an ordinary e-commerce transaction can be seen just as a special case of an auction |
Year | DOI | Venue |
|---|---|---|
2001 | 10.1109/ISADS.2001.917406 | ISADS |
Keywords | Field | DocType |
agent based auctions,agent-based auction,electronic auctions,formalized communication procedures,trade rules,one-sided auctions,technical challenge,research issues,research issue,financial data processing,special case,intermediary,business implications,e-commerce transaction,market prices,business implication,trade objects,technical challenges,electronic commerce,fixed-priced objects,auction rules,agent-based auctions,software agents,trader interaction,automation,protocols,internet,intelligent systems,cost accounting | English auction,Unique bid auction,Eauction,Combinatorial auction,Computer science,Microeconomics,Common value auction,Auction theory,Forward auction,Special case,Distributed computing | Conference |
ISBN | Citations | PageRank |
0-7695-1065-5 | 1 | 0.37 |
References | Authors | |
2 | 1 | |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Lyndon Lee | 1 | 4 | 0.91 |