Agents, Markets, Institutions, and Protocols

Thinking about agent mediated electronic commerce usually two situations come to one’s mind. The first is agents that shop on the Internet and find the best bargain (Jango (http://www.jango.com/) (Doorenbos et.al., 1996), Bargainfinder (http://bf.cstar.ac.com), etc.) and the second is that of electronic marketplaces where agents can buy and/or sell goods. Some good examples are Kasbah (Chavez & Maes 1996), the Fishmarket project (Rodriguez 1997) and AuctionBot (Wurman 1998). Although the agents in the first case play a role in electronic commerce their actual role is that of searching the Internet in an intelligent way. These types of agents are not supposed to interact with agents at the selling side and strike bargains with these agents. The scenario assumes that prices are fixed and can be found by searching the WWW.

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