Market-Aware Agents for a Multiagent World

MP Wellman and PR Wurman

Robotics and Autonomous Systems 24:115-125, 1998.
Copyright (c) 1998 Elsevier Science B.V. All rights reserved.

Abstract

A computational market is any collection of software agents interacting through a price system. Markets can provide effective allocation of resources for a variety of distributed environments, and economic analysis a powerful design tool for interaction mechanisms. The spread of computational markets puts a premium on market-aware agents, and presents a case for market awareness on the part of agent developers and AI researchers as well.

Based on an invited talk at the Eighth European Workshop on Modelling Autonomous Agents in a Multi-Agent World (MAAMAW-97)

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