The impact of InfoCenters on e-marketplaces

Itai Yarom*, Claudia V. Goldman, Jeffrey S. Rosenschein

*Corresponding author for this work

Research output: Contribution to conferencePaperpeer-review

1 Scopus citations

Abstract

Information marketplaces enable entities to buy and sell information; these buying and selling entities can be humans, or automated agents that represent them. In this paper, we introduce a new type of participant into electronic information marketplaces, namely the InfoCenter agent, which can not only buy and sell information, but can also procure and sell manipulated (i.e., processed) information. We explore the effects that InfoCenters have on the marketplace and on the other agents that participate in it. We show that the benefits of extending an information e-marketplace with InfoCenter agents are twofold. First, InfoCenters can help buyers obtain better information; second, InfoCenter agents can help sellers gain higher profits. Furthermore, we empirically test the influence of different pricing algorithms and payment methods on the buyers', sellers', and InfoCenters' behaviors.

Original languageAmerican English
Pages1290-1291
Number of pages2
DOIs
StatePublished - 2002
EventProceedings of the 1st International Joint Conference on: Autonomous Agents and Multiagent Systems - Bologna, Italy
Duration: 15 Jul 200219 Jul 2002

Conference

ConferenceProceedings of the 1st International Joint Conference on: Autonomous Agents and Multiagent Systems
Country/TerritoryItaly
CityBologna
Period15/07/0219/07/02

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