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What and Who

Multiple Issue Auction and Market Algorithms for the World Wide Web

Jeffrey Teich
Department of Management, New Mexico State University
DFKI-Kolloquium
AG 1, AG 2  
AG Audience

Date, Time and Location

Tuesday, 20 October 98
14:00
-- Not specified --
43.1 - DFKI
Raum Turing (1.01)
Saarbrücken

Abstract

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 possible joint gains for all parties. We develop simple
multiple
issue algorithms and heuristics that could be used in electronic
auctions
and electronic markets, to match businesses to businesses and consumers
based on dovetailing underlying interests and preferences. We provide
arguments that such dovetailed matches should help stabilize markets and

make them more efficient.

Keywords: Decision Support; Negotiation Modeling; World-Wide-Web;
Electronic Commerce, Computer-mediated Communication, Multiple Criteria
Decision Making, Intelligent Agents, Bots.

Bibliographical notes: Dr. Jeffrey Teich is an Associate Professor at
the
New Mexico State University. His research interests and publications
are
in the areas of negotiation modeling and decision support. In
addition,
he has served as Visiting Professor at the Helsinki School of Economics
teaching in its international programs.

Contact

Agnes Back
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Uwe Brahm, 04/12/2007 12:01 -- Created document.