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Multiple-issue auction and market algorithms for the world wide web
1999
Decision Support Systems
The Internet is quickly changing the way business-to-consumer and business-to-business commerce is conducted in the world. The Electronic Revolution has also spawned a trend of price wars and, in some instances, chaos, because of the zero-sum nature of the electronic channel. The technology has created an opportunity to get beyond the lose-lose nature of single issue price wars by determining sellers' and buyers' preferences across multiple issues and encouraging negotiations, thereby creating
doi:10.1016/s0167-9236(99)00016-0
fatcat:5aranaehsbam7c3sy6n7l7hz7a