We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.
|Title of host publication
|Information Systems - Collaboration Systems and Technology
|Jay F. Nunamaker, Ralph H. Sprague
|IEEE Computer Society
|Number of pages
|Published - 1996
|29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States
Duration: 1996 Jan 3 → 1996 Jan 6
|Proceedings of the Annual Hawaii International Conference on System Sciences
|29th Hawaii International Conference on System Sciences, HICSS 1996
|96/1/3 → 96/1/6
Bibliographical notePublisher Copyright:
© 1996 IEEE.
All Science Journal Classification (ASJC) codes
- General Engineering