Towards a sustainable smart e-marketplace: a stable, efficient and responsive smart exchange with strategic conduct

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Proceedings titleICAART 2013 - Proceedings of the 5th International Conference on Agents and Artificial Intelligence
Conference5th International Conference on Agents and Artificial Intelligence, ICAART 2013, February 15-18, 2013, Barcelona, Spain
Pages338345; # of pages: 8
SubjectBidding languages; Double auction; GSP auction; GSP matching; Preference elicitation; Preference formulation; Reverse GSP auction; Strategic rules; Winner determination; Artificial intelligence; Game theory; Commerce
AbstractThe landscapes of e-marketplaces are changing profoundly, evident in the phenomenal growth and potential of online services, consumers, and enabling mobile technologies. However, it is unleashing grave concerns about sustainability due to the fierce competitions, fuzzy dynamics and rapidly shifting powers. While it is attributed to the game-theoretic economics and computation complexities of the decentralized combinatorial allocation problem, this work establishes, denying e-traders expressing fair strategic choice is unfounded of adverse strategic risk. In fact, free market dynamics realize impact of smart learning on strategic conduct. The fact strategic rules enable faster consumer-to-market bidding lifecycle is another compelling factor. Hence, the work introduces the novel rule-based bidding language and GSPM double auction for the smart exchange that facilitates expressions of strategic rules, while uniquely exploits forward and reverse GSP auctions for efficient, tractable, stable, and budget balanced e-marketplace. The e-marketplace deliberates on rules for effective preference elicitation, while bringing self-prosperity in socially efficient ecosystem.
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AffiliationConstruction; National Research Council Canada
Peer reviewedYes
NPARC number21270487
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Record identifierffb4ee65-4e11-4849-91da-3831dc8fa38d
Record created2014-02-13
Record modified2016-05-09
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