An Open Electronic Bargaining System
نویسنده
چکیده
In the future, electronic exchanges will be a major facilitator of negotiation systems and a driver for new forms of bargaining and matchmaking between potential trading partners. Most existing bargaining systems are based on formalized auction schemes which need a centralized authority (an auctioneer). With the development of decentralized networks, we need new forms of electronic bargaining which are simple and do not require complex cognitive elaborations from agents to achieve satisfactory matchmaking and price setting. The OEBS described in this paper proposes such a scheme. It is based on the view that transaction cost optimality is a prominent concern for agents.
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