Investigating the Evolution of Electronic Markets

  • Authors:
  • John K. Debenham;Simeon J. Simoff

  • Affiliations:
  • -;-

  • Venue:
  • CooplS '01 Proceedings of the 9th International Conference on Cooperative Information Systems
  • Year:
  • 2001

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Abstract

Markets evolve through 'entrepreneurial' intervention which is based on intuition and on timely information. An electronic market has been constructed in the laboratory as a collaborative virtual environment to identify timely entrepreneurial information for e-markets. This information is distilled from individual signals in the markets themselves and from signals observed on the Internet. Distributed, concurrent, time-constrained data mining methods are managed using business process management technology to extract timely, reliable information from this inherently unreliable environment.