Market-oriented programming (abstract)

Authors:
Michael P. Wellman
Affiliations:
University of Michigan AI Laboratory, Ann Arbor, MI
Venue:
AAAI'97/IAAI'97 Proceedings of the fourteenth national conference on artificial intelligence and ninth conference on Innovative applications of artificial intelligence
Year:
1997

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Abstract

Market-oriented programming is the construction of computational economies, where agents interact through a price system. Markets can provide effective allocation of resources for a variety of distributed environments, and economic analysis a powerful design tool for interaction mechanisms. The spread of electronic commerce puts a premium on market-aware agents, and presents a case for market awareness on the part of agent developers and AI researchers as well.