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Economics of Dynamic Pricing in a Reputation Brokered Agent Mediated Marketplace [chapter]

Giorgos Zacharia, Theodoros Evgeniou, Alexandros Moukas, Petros Boufounos, Pattie Maes
E-Commerce Agents  
Based on the results of this comparison we design a new dynamic pricing algorithm that we experimentally show to be almost optimal for reputation-brokered agent mediated marketplaces.  ...  We describe an Agent Mediated marketplace, with dynamically changing reputation ratings.  ...  Conclusions We studied dynamic pricing methods for an Agent mediated Marketplace in which users' reputations are established through collaborative mechanisms.  ... 
doi:10.1007/3-540-45370-9_3 dblp:conf/ecAgents/ZachariaEMBM01 fatcat:5znz34ziuvhhjjhxqbbbxgwe3a

Page 18 of Human Resources Abstracts Vol. 37, Issue 1 [page]

2002 Human Resources Abstracts  
Economics of dynamic pricing in a reputation-brokered agent-mediated marketplace. Electronic Commerce Research 1(1-2):85-100 Feb./March 2001. KNOWLEDGE MARKETPLACES. PRICING. REPUTATIONAL ANALYSIS.  ...  The authors present a framework to study the microeconomic effects in a reputation- brokered agent-mediated knowledge marketplace, when dynamic pricing algorithms are introduced.  ... 

Dynamic pricing in a reputation-brokered agent-mediated marketplace

Giorgos Zacharia, Theodoros Evgeniou, Pattie Maes
2000 International Journal of Intelligent Systems in Accounting, Finance & Management  
Based on the results of this comparison we design a new dynamic pricing algorithm that we experimentally show to be almost optimal for reputation-brokered agent mediated marketplaces.  ...  We describe an Agent Mediated marketplace, with dynamically changing reputation ratings.  ...  Conclusions We studied dynamic pricing methods for an Agent mediated Marketplace in which users' reputations are established through collaborative mechanisms.  ... 
doi:10.1002/1099-1174(200012)9:4<271::aid-isaf189>3.0.co;2-1 fatcat:lrrhbaaff5gz5afvwk3muaotlm

Agent-mediated electronic commerce: a survey

ROBERT H. GUTTMAN, ALEXANDROS G. MOUKAS, PATTIE MAES
1998 Knowledge engineering review (Print)  
Software agents help automate a variety of tasks including those involved in buying and selling products over the Internet.  ...  We then discuss the variety of Artificial Intelligence techniques that support agent mediation and conclude with future directions of agent-mediated electronic commerce research.  ...  Roles of Agents as Mediators in Electronic Commerce It is useful to explore the roles of agents as mediators in electronic commerce in the context of a common model.  ... 
doi:10.1017/s0269888998002082 fatcat:z5e5hahdhvhcljguvyplfetpo4

Building the knowledge base of a buyer agent using reinforcement learning techniques

George Boulougaris, Kostas Kolomvatsos, Stathes Hadjiefthymiades
2010 The 2010 International Joint Conference on Neural Networks (IJCNN)  
Intelligent agents can be proved very advantageous when representing entities in markets. Mostly, such entities are based on reputation models in order to conclude a transaction.  ...  The result is a more efficient model that is not based only on the reputation of each entity.  ...  In [5] , authors present a survey on agent-mediated electronic commerce systems. They describe the increasing role of agents as mediators in electronic commerce.  ... 
doi:10.1109/ijcnn.2010.5596601 dblp:conf/ijcnn/BoulougarisKH10 fatcat:dsz4yanlk5dvtdzyz2o5r6vm3m

Information and Regulation in Decentralized Marketplaces for P2P-Grids

Xavier León, Xavier Vilajosana, René Brunner, Ruby Krishnaswamy, Leandro Navarro, Felix Freitag, Joan Manuel Marquès
2008 2008 IEEE 17th Workshop on Enabling Technologies: Infrastructure for Collaborative Enterprises  
This paper presents a scalable model and evaluates by simulation a system where global market information circulates in aggregated and scalable form, the rate of demand by participants is globally regulated  ...  by a currency mechanism, preference is regulated by a reputation mechanism, and local regulation among competing participants is resolved by auction mechanisms.  ...  GridBus [13] is a resource marketplace that uses noncoordinated brokers to match tasks to resources.  ... 
doi:10.1109/wetice.2008.12 dblp:conf/wetice/LeonVBKNFM08 fatcat:y37qjmrpe5a4piys5qk3imdpzm

Agent-Mediated Integrative Negotiation for Retail Electronic Commerce [chapter]

Robert H. Guttman, Pattie Maes
1999 Lecture Notes in Computer Science  
Software agents help automate a variety of tasks including those involved in buying and selling products over the Internet.  ...  Figure 3 -BargainFinder requests prices of a given music CD from nine separate merchants and displays them to the consumer for a price comparison.  ...  Price-comparison Shopping Agents After Product Brokering comes Merchant Brokering in the CBB model shown in Table 1 .  ... 
doi:10.1007/3-540-48835-9_5 fatcat:qwljugvhyvg3liiixkgb32htl4

Agents that buy and sell

Pattie Maes, Robert H. Guttman, Alexandros G. Moukas
1999 Communications of the ACM  
As Mediators in E-commerce It is useful to use a common framework as a context for exploring the roles of agents as mediators in ecommerce.  ...  We can, for example, identify the roles of agents as mediators in e-commerce.  ... 
doi:10.1145/295685.295716 fatcat:gjfrb33cibh2zmmvfr73bumrs4

Design and implementation of an agent-based intermediary infrastructure for electronic markets

Gaurav Tewari, Pattie Maes
2000 Proceedings of the 2nd ACM conference on Electronic commerce - EC '00  
in question, making price just one of a multitude of possible factors influencing the decision to trade.  ...  MARI is an intermediary architecture intended as a generalized platform for the specification and brokering of heterogeneous goods and services.  ...  Additionally, MARI relates to work in operations research done in the domain of dynamic pricing of inventories [19, 20, 21] .  ... 
doi:10.1145/352871.352881 dblp:conf/sigecom/TewariM00 fatcat:ryphrjqvere7voqytadr2nd5gi

Mind My Value: a decentralized infrastructure for fair and trusted IoT data trading [article]

Paolo Missier and Shaimaa Bajoudah and Angelo Capossele and Andrea Gaglione and Michele Nati
2018 arXiv   pre-print
In this paper we address some of the technical challenges involved in realizing such a marketplace.  ...  Crucially, we believe that such a marketplace should not be owned by anybody, and should instead fairly and transparently self-enforce a well defined set of governance rules.  ...  Lucie Burgess from the Digital Catapult Centre in London for her help in researching data marketplaces. This work has been partially supported by the H2020 project SynchroniCity No 732240.  ... 
arXiv:1807.02846v1 fatcat:dq3jxuc5xbgodc66kmujyq6dym

A Dynamic Seller Selection Model for an Agent Mediated e-Market [chapter]

Vibha Gaur, Neeraj Kumar Sharma
2011 Communications in Computer and Information Science  
The success of an agent mediated e-market system lies in the underlying reputation management system to improve the quality of services in an information asymmetric e-market.  ...  This paper proposes a dynamic reputation framework using reinforcement learning and fuzzy set theory that ensures judicious use of information sharing for inter-agent cooperation.  ...  The power of a reputation system in an agent mediated ecommerce can be realized to the optimum if different process models inherent to the e-transactions like deciding about pricing of goods, computing  ... 
doi:10.1007/978-3-642-22714-1_30 fatcat:x3fmc5tjtbahpa6sjko5dkz3xa

A Dynamic Framework of Reputation Systems for an Agent Mediated e-market [article]

Vibha Gaur, Neeraj Kumar Sharma
2011 arXiv   pre-print
The success of an agent mediated e-market system lies in the underlying reputation management system to improve the quality of services in an information asymmetric e-market.  ...  This paper proposes a dynamic reputation framework using reinforcement learning and fuzzy set theory that ensures judicious use of information sharing for inter-agent cooperation.  ...  The power of a reputation system in an agent mediated ecommerce can be realized to the optimum if different process models inherent to the e-transactions like deciding about pricing of goods, computing  ... 
arXiv:1110.3961v1 fatcat:7nitzirkufcg5dv6yz7dztgrne

Energy-aware Demand Selection and Allocation for Real-time IoT Data Trading [article]

Pooja Gupta, Volkan Dedeoglu, Kamran Najeebullah, Salil S. Kanhere, Raja Jurdak
2020 arXiv   pre-print
Personal IoT data is a new economic asset that individuals can trade to generate revenue on the emerging data marketplaces.  ...  to create an effective marketplace framework without involving a mediator, (2) we propose a mechanism for selection and allocation of buyers' demands on seller's devices under quality and battery constraints  ...  The pricing contract supports a competition-based price model to assess the price of the IoT data based on market dynamics.  ... 
arXiv:2002.02074v2 fatcat:32x2dkstwvfebmodpruamgbv6e

Evaluating Reputation Systems for Agent Mediated e-Commerce [article]

Vibha Gaur, Neeraj Kumar Sharma, Punam Bedi
2013 arXiv   pre-print
To address the problems of traditional reputation systems which are relatively static in nature, this paper identifies characteristics of a dynamic reputation framework which ensures judicious use of information  ...  The success of an agent mediated e-commerce system lies in the underlying reputation management system which is used to improve the quality of services in e-market environment.  ...  Characteristics of a Dynamic Reputation Framework A framework for Dynamic Reputation System (DRS) is based on two important characteristics of software agents.  ... 
arXiv:1303.7377v1 fatcat:vr3qmc4ywrfoxppxovw4bjvx6a

Cloud Market Maker: An automated dynamic pricing marketplace for cloud users

Barkha Javed, Peter Bloodsworth, Raihan Ur Rasool, Kamran Munir, Omer Rana
2016 Future generations computer systems  
A multi-agent approach can be utilized for resource discovery, brokering, trading, and managing of cloud resources [23] .  ...  Furthermore, the literature showed the benefits of a multi-auction approach for dynamic price adjustment and it has therefore been applied to create a marketplace.  ... 
doi:10.1016/j.future.2015.06.004 fatcat:ip63aijbovdwzdntceqn37r6yy
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