TY - GEN
T1 - Roadmap to auction-based negotiation protocols for electronic commerce
AU - Bichler, Martin
PY - 2000
Y1 - 2000
N2 - Economic mechanisms are used to determine the flow of resources in a supply chain and to achieve an efficient allocation of goods and services in networked economies. In order to choose the 'right' allocation mechanism for a certain situation it is important to know about the characteristics of different negotiation situations and the set of available mechanisms suitable in these situations. Over the past few years there has been an enormous interest of researchers in economics, computer science and game theory to develop advanced economic mechanisms for the creation of new types of electronic exchanges. Combinatorial auctions, multi-attribute auctions and multi-stage auctions are some of the approaches to extend the framework of mechanism design theory. In this paper we develop a classification scheme for negotiation situations in electronic commerce based on microeconomic theory. We describe classic mechanism design and auction theory, and classify old and new approaches in this field.
AB - Economic mechanisms are used to determine the flow of resources in a supply chain and to achieve an efficient allocation of goods and services in networked economies. In order to choose the 'right' allocation mechanism for a certain situation it is important to know about the characteristics of different negotiation situations and the set of available mechanisms suitable in these situations. Over the past few years there has been an enormous interest of researchers in economics, computer science and game theory to develop advanced economic mechanisms for the creation of new types of electronic exchanges. Combinatorial auctions, multi-attribute auctions and multi-stage auctions are some of the approaches to extend the framework of mechanism design theory. In this paper we develop a classification scheme for negotiation situations in electronic commerce based on microeconomic theory. We describe classic mechanism design and auction theory, and classify old and new approaches in this field.
UR - http://www.scopus.com/inward/record.url?scp=0033901850&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:0033901850
SN - 0769504930
T3 - Proceedings of the Hawaii International Conference on System Sciences
SP - 138
BT - Proceedings of the Hawaii International Conference on System Sciences
PB - IEEE
T2 - The 33rd Annual Hawaii International Conference on System Siences (HICSS-33)
Y2 - 4 January 2000 through 7 January 2000
ER -