Advertisement

Supporting the actors in an electronic market place

  • John Debenham

Abstract

An electronic market has been constructed in an on-going collaborative research project between a university and a software house.The way in which actors (buyers, sellers and others) use the market wi be influenced by the information available to them, including information drawn from outside the immediate market environment. In this experiment, data mining and filtering techniques are used to distil both individual signals drawn from the markets and signals from the Internet into meaningful advice for the actors. The goal of this experiment is first to learn how actors will use the advice available to them, and second how the market will evolve through entrepreneurial intervention. In this electronic market a multiagent process management system is used to manage all market transactions including those that drive the market evolutionary process.

Keywords

Business Process Multiagent System User Agent Market Transaction Electronic Market 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. [1]
    Israel M. Kirzner Entrepreneurial Discovery and the Competitive Market Process: An Austrian Approach“ Journal of Economic Literature XXXV (March) 1997 60–85.Google Scholar
  2. [2]
    R. Guttman, A. Moukas, and P. Maes. Agent-mediated Electronic Commerce: A Survey. Knowledge Engineering Review, June 1998Google Scholar
  3. [3]
    Moshe Tennenholtz. Electronic Commerce: From Economic and Game-Theoretic Models to Working Protocols. Invited paper. Proceedings Sixteenth International Joint Conference on Artificial Intelligence, IJCAI’99, Stockholm, SwedenGoogle Scholar
  4. [4]
    Milgrom, P. Auction Theory for Privatization. Cambridge Univ Press (2001).Google Scholar
  5. [5]
    Bichler, M. The Future of E-Commerce: Multi-Dimensional Market Mechanisms.Cambridge University Press (2001)Google Scholar
  6. [6]
    Sandholm, T. Agents in Electronic Commerce: Component Technologies for Automated Negotiation and Coalition Formation. Autonomous Agents and MultiAgent Systems, 3(1), 73–96.Google Scholar
  7. [7]
    Strobel, M. Design of Roles and Protocols for Electronic Negotiations. Electronic Commerce Research Journal, Special Issue on Market Design 2001.42Google Scholar
  8. [8]
    Peyman Faratin. Automated Service Negotiation Between Autonomous Computational Agents. PhD dissertation, University of London Dec 2000Google Scholar
  9. [9]
    R. Wise & D. Morrison. Beyond the Exchange; The Future of B2B. Harvard Business review Nov-Dec 2000, pp86–96Google Scholar
  10. [10]
    Neeman, Z. & Vulkan, N. Markets Versus Negotiations. The Hebrew University of Jerusalem Discussion Paper 239.February 2001Google Scholar
  11. [11]
    Bulow, J. & Klemperer, P. Auctions Versus Negotiations. American Economic Review, 1996Google Scholar
  12. [12]
    Kumar, M. & Feldman, S.I. Business Negotiations on the Internet. Proceedings INET’98 Internet Summit, Geneva, July 21–24, 1998Google Scholar
  13. [13]
    B. Kovalerchuk & E. Vityaev. Data Mining in Finance: Advances in Relational and Hybrid Methods. Kluwer,2000Google Scholar
  14. [14]
    J. Han, L.V.S. Lakshmanan & R.T. Ng. Constraint-based multidimensional data mining. IEEE Computer, 8,46–50, 1999.Google Scholar
  15. [15]
    Han, J. & Kamber, M. Data Mining: Concepts and Techniques. Morgan Kaufmann 2000.Google Scholar
  16. [16]
    Chen, Z. Computational Intelligence for Decision Support. CRC Press, Boca Raton,2000.Google Scholar
  17. [17]
    Feldman, S. Technology Trends and Drivers and a Vision of the Future of e-business.Proceedings 4th International Enterprise Distributed Object Computing Conference,September 25–28, 2000, Makuhari, Japan.Google Scholar
  18. [18]
    Fischer, L. (Ed). Workflow Handbook 2001. Future Strategies, 2000.Google Scholar
  19. [19]
    Debenham, J.K.. Supporting knowledge-driven processes in a multiagent process management system. Proceedings Twentieth International Conference on Knowledge Based Systems and Applied Artificial Intelligence, ES’2000: Research and Development in Intelligent Systems XVII, Cambridge UK, December 2000, pp273286Google Scholar
  20. [20]
    Jain, A.K., Aparicio, M. and Singh, M.P. “Agents for Process Coherence in Virtual Enterprises” in Communications of the ACM, Volume 42, No 3, March 1999, pp6269Google Scholar
  21. [21]
    Jennings, N.R., Faratin, P., Norman, TJ., O’Brien, P. & Odgers, B. Autonomous Agents for Business Process Management. Int. Journal of Applied Artificial Intelligence 14 (2) 145–189, 2000.CrossRefGoogle Scholar
  22. [22]
    Robert Skinstad, R. “Business process integration through XML”. In proceedings XML Europe 2000, Paris, 12–16 June 2000.Google Scholar
  23. [23]
    Guarino N., Masolo C., and Vetere G., OntoSeek: Content-Based Access to the Web,IEEE Intelligent Systems 14(3), MaylJune 1999, pp. 70–80Google Scholar
  24. [24]
    Uschold, M. and Gruninger, M.: 1996, Ontologies: principles, methods and applications. Knowledge Engineering Review, 11(2), 1996.CrossRefGoogle Scholar
  25. [25]
    Miiller, J.P. “The Design of Intelligent Agents” Springer-Verlag, 1996.Google Scholar
  26. [26]
    Rao, A.S. and Georgeff, M.P. “BOI Agents: From Theory to Practice”, in proceedings First International Conference on Multi-Agent Systems (lCMAS-95), San Francisco,USA, pp 312–319.Google Scholar
  27. [27]
    Finin, F. Labrou, Y., and Mayfield, J. “KQML as an agent communication language.”In Jeff Bradshaw (Ed.) Software Agents. MIT Press (1997).Google Scholar
  28. [28]
    Kaplan, Steven and Sawhney, Mohanbir. E-Hubs: The New B2B Marketplace. Harvard Business Review 78 May-June 2000 97–103Google Scholar
  29. [29]
    Shane, Scott. Prior knowledge and the discovery of entrepreneurial opportunities.Organization Science 11 (July-August), 2000, 448–469.CrossRefGoogle Scholar

Copyright information

© Springer-Verlag London 2002

Authors and Affiliations

  • John Debenham
    • 1
  1. 1.Faculty of Information TechnologyUniversity of TechnologySydney

Personalised recommendations