Multi-attribute Exchange Market: Theory and Experiments

The Internet has opened opportunities for efficient on-line trading, and researchers have developed algorithms for various auctions, as well as exchanges for standardized commodities; however, they have done little work on exchanges for complex nonstandard goods. We propose a formal model for trading complex goods, present an exchange system that allows traders to describe purchases and sales by multiple attributes, and give the results of applying it to a used-car market and corporate-bond market.

• Type: Conference
• Year: 2003
• Where: AI
• Authors: Eugene Fink, Josh Johnson, John Hershberger 0002
• Keywords: AI 2003, Artificial Intelligence, Efficient On-line Trading, Standardized Commodities, Various Auctions