Markets without Makers : A Framework for Decentralized Economic Coordination in Multiagent Systems

Title data

Eymann, Torsten:
Markets without Makers : A Framework for Decentralized Economic Coordination in Multiagent Systems.
In: Fiege, Ludger ; Mühl, Gero ; Wilhelm, Uwe (Hrsg.): Electronic Commerce : second international workshop, WELCOM 2001, Heidelberg, Germany, November 16 - 17, 2001 ; proceedings. - Berlin : Springer , 2001 . - pp. 63-74 . - (Lecture Notes in Computer Science ; 2232 )
ISBN 3-540-42878-X
DOI: https://doi.org/10.1007/3-540-45598-1_8

Official URL:

Abstract in another language

Most electronic marketplaces are derived from a client/server model, with a central coordinator institution in the middle and a closed group of market participants submitting bids and asks to that institution. In contrast, technical views on electronic commerce often envision ad-hoc cooperation between market participants in open and decentralized IT environments, where software agents negotiate for their human principals. Such environments will naturally form unregulated market-coordinated multi-agent systems with selfish agents negotiating for utility maximization, and they need concepts for decentralized economic coordination - a mechanism for distributed resource allocation that works without a market maker, with maximum privacy, security and coherent coordination as result. This article describes a framework used for the realization of a multiagent system which coordinates a supply chain using a decentralized economic approach.

Further data

Item Type:	Article in a book
Refereed:	Yes
Institutions of the University:	Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Business Administration Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII - Information Systems Management Faculties > Faculty of Law, Business and Economics > Department of Business Administration > Chair Business Administration VII - Information Systems Management > Chair Business Administration VII - Information Systems Management - Univ.-Prof. Dr. Torsten Eymann
Result of work at the UBT:	No
DDC Subjects:	000 Computer Science, information, general works 000 Computer Science, information, general works > 000 Generalities, Science 300 Social sciences > 330 Economics
Date Deposited:	08 Sep 2014 14:54
Last Modified:	20 Feb 2019 09:30
URI:	https://eref.uni-bayreuth.de/id/eprint/986