Shopbots and pricebots

  • Authors:
  • Amy R. Greenwald;Jeffrey O. Kephart

  • Affiliations:
  • IBM Institute for Advanced Commerce, IBM Thomas J. Watson Research Center, Yorktown Heights, NY;IBM Institute for Advanced Commerce, IBM Thomas J. Watson Research Center, Yorktown Heights, NY

  • Venue:
  • IJCAI'99 Proceedings of the 16th international joint conference on Artifical intelligence - Volume 1
  • Year:
  • 1999
  • Dynamics of an Information-Filtering Economy

    CIA '98 Proceedings of the Second International Workshop on Cooperative Information Agents II, Learning, Mobility and Electronic Commerce for Information Discovery on the Internet

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Abstract

Shopbots are agents that automatically search the Internet to obtain information about prices and other attributes of goods and services. They herald a future in which autonomous agents profoundly influence electronic markets. In this study, a simple economic model is proposed and analyzed, which is intended to quantify some of the likely impacts of a proliferation of shopbots and other economically-motivated software agents. In addition, this paper reports on simulations of pricebots-adaptive, price-setting agents which firms may well implement to combat, or even take advantage of, the growing community of shopbots. This study forms part of a larger research program that aims to provide insights into the impact of agent technology on the nascent information economy.