Rule-Based Automated Price Negotiation: Overview and Experiment

The idea of automating e-commerce transactions attracted a lot of interest during the last years. Multi-agent systems are claimed to be one of promising software technologies for achieving this goal. In this paper we summarize state-of-the-art in rule-based approaches to automated negotiations and present initial experimental results with our own implementation of a rule-based price negotiation mechanism in a model e-commerce multi-agent system. The experimental scenario considers multiple buyer agents involved in multiple English auctions that are performed in parallel.

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