%0 Report %1 GreenwaldK1998 %A Greenwald, Amy %A Kephart, Jeffrey %D 1998 %K agents economies Info Shopbots %T Shopbot Economics %X Shopbots are programs that automatically search the Internet for information that pertains to the price and quality of goods or services on behalf of consumers. This paper addresses the economic implications of the widespread utilization of shopbots, as shopbots are viewsed as an increasingly essential component of electronic commerce. The research described herein includes the proposal and analysis of a simple economic model which captures some of the essence of shopbots, in an attempt to shed light on their potential impact on markets. Moreover, a variety of adaptive, price-setting algorithms are simulated which agent-based firms might utilize in attempt to maximize profits in the face of a growing community of shopbots. This study forms part of a larger research program that aims to provide new insights on the impact of agent and information technology on the nascent information economy.

@techreport{GreenwaldK1998, abstract = {Shopbots are programs that automatically search the Internet for information that pertains to the price and quality of goods or services on behalf of consumers. This paper addresses the economic implications of the widespread utilization of shopbots, as shopbots are viewsed as an increasingly essential component of electronic commerce. The research described herein includes the proposal and analysis of a simple economic model which captures some of the essence of shopbots, in an attempt to shed light on their potential impact on markets. Moreover, a variety of adaptive, price-setting algorithms are simulated which agent-based firms might utilize in attempt to maximize profits in the face of a growing community of shopbots. This study forms part of a larger research program that aims to provide new insights on the impact of agent and information technology on the nascent information economy.}, added-at = {2006-09-13T17:44:28.000+0200}, author = {Greenwald, Amy and Kephart, Jeffrey}, biburl = {https://www.bibsonomy.org/bibtex/243d7fa4a927b596ce5b774543421547f/jmm}, description = {JMM master bibtex}, institution = {IBM Institute for Advanced Commerce}, interhash = {24137766e401586be03b232be8308e74}, intrahash = {43d7fa4a927b596ce5b774543421547f}, keywords = {agents economies Info Shopbots}, timestamp = {2006-09-13T17:44:28.000+0200}, title = {Shopbot Economics}, type = {Technical paper}, year = 1998 }