Multi-attribuge exchange market: Theory and experiments

Eugene Fink, Josh Johnson, and John Hershberger

In Proceedings of the Sixteenth Canadian Conference on Artificial Intelligence, pages 603610, 2003.

Abstract

The Internet has opened opportunities for efficient on-line trading, and researchers have developed algorithms for various auctions, as well as exchanges for standardized commodities; however, they have done little work on exchanges for complex nonstandard goods.  We propose a formal model for trading complex goods, present an exchange system that allows traders to describe purchases and sales by multiple attributes, and give the results of applying it to a used-car market and corporate-bond market.