Skip to main content
SpringerLink
Log in

Emergent Specializations in a Commodity Market: A Multi-Agent Model—Graduate Student Best Paper Award, CASOS 2001 Conference

  • Published:
Computational & Mathematical Organization Theory Aims and scope Submit manuscript

Abstract

It has been observed in many instances that markets have a tendency to segment themselves into distinct sub-markets. This paper presents a multi-agent model that illustrates emergent market segmentation. The model illustrates the way local optimization processes result in an emergent global improvement of social welfare.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Similar content being viewed by others

References

  • Bichler, M. (1999), “Decision Analysis—A Critical Enabler for Multi-Attribute Auctions,” in Global Networked Organisations, Proceedings of the 12th International Bled Electronic Commerce Conference. Chemdex.com, 1999.

  • Decker, K., K. Sycara and M. Williamson (1996), “Matchmaking and Brokering,” Proceedings of the Second International Conference on Multi-Agent Systems (ICMAS-96).

  • Economou, G., M. Tsvetovat, K. Sycara and M. Paolucci (2001), “Interaction without Commitments: An Initial Approach,” Proceedings of International Conference on Autonomous Agents.

  • FastParts.com, 2000.

  • FreeMarkets.com, 2000.

  • Hannan, M.T. and J. Freeman (1977), “The Population Ecology of Organizations,” American Journal of Sociology, 82(5), 929–964.

    Google Scholar 

  • Howley, A.H. (1950), Human Ecology: A Theory of Community Structure. Roland.

  • Jones, R.M., R. Wray, M. van Lent and J.E. Laird (1995), “Planning in the Tactical Air Domain,” Planning and Learning: On to Real Applications, Papers from the 1994 Fall Symposium (Technical Report No. FS-94-01), AAAI Press, Menlo Park, CA. Soar 95.27.

    Google Scholar 

  • Smith, V. (1996), “Economics in the Laboratory,” Technical Report, University of Arizona.

  • Sycara, K., K. Decker, A. Pannu, M. Williamson and D. Zeng (1996), “Distributed Intelligent Agents,” IEEE Expert—Intelligent Systems and Their Applications, 11(6), 36–45.

    Google Scholar 

  • Sycara, K., J. Lu, M. Klusch and S. Widoff (1999a), “Dynamic Service Matchmaking Among Agents in Open Information Environments,” ACM SIGMOD Record, Special Issue on Semantic Interoperability in Global Information Systems.

  • Sycara, K., J. Lu, M. Klusch and S. Widoff (1999b), “Matchmaking among Heterogeneous Agents in the Internet,” Proceedings AAAI Spring Symposium on Intelligent Agents in Cyberspace.

Download references

Author information

Authors and Affiliations

  1. Department of Social and Decision Sciences, Carnegie Mellon University, Pittsburgh, PA, 15213, USA

    Maksim Tsvetovat & Kathleen M. Carley

Authors
  1. Maksim Tsvetovat
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Kathleen M. Carley
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

About this article

Cite this article

Tsvetovat, M., Carley, K.M. Emergent Specializations in a Commodity Market: A Multi-Agent Model—Graduate Student Best Paper Award, CASOS 2001 Conference. Computational & Mathematical Organization Theory 8, 221–234 (2002). https://doi.org/10.1023/A:1020719614091

Download citation

  • Issue Date:

  • DOI: https://doi.org/10.1023/A:1020719614091

Search

Navigation