We discuss the design and the implementation of a flexible and scalable fuzzy case-based matching engine. The engine’s flexible design is illustrated for two of its core components: the internal representation of cases by means of a variety of crisp and fuzzy data types, and the fuzzy operations to execute the ensuing case matching process. We investigate the scalability of the matching engine ...

Economic organisations are facing new challenges due to the proliferation of Electronic Markets where competition and responsiveness are issues that will determine organisation’s economic survival. A Virtual Enterprise is a temporary network of individual enterprises, which, due to its higher flexibility and agility is capable of effectively responding to those challenging requirements. This pa...

Music plays an important, and sometimes overlooked part in the transformation of communication and distribution channels. With a global market volume exceeding $ 40 billion, music is not only one of the primary entertainment goods in its own right. Since music is easily personalised and transmitted, it also permeates many other services across cultural borders, anticipating social and economic ...

This paper analyzes the fundamental changes in market structures that may result from the increasing use of information teChnology. First, an analytic framework is presented and its usefulness is demonstrated in explaining several major historical changes in American business structures. Then, the framework is used to help explain how electronic markets and electronic hierarchies will allow clo...

The Iowa Electronic Markets are small, real-money financial markets designed to aggregate information about future events. The market microstructure of these markets is studied and a market making model is developed to provide liquidity for one set of securities offered by this exchange. A computer program was created to employ the market making model and profit from the market’s inefficiencies...

This paper takes a critical look at electronic markets. Through an examination of Hong Kong's air cargo industry, where an electronic network recently has begun its operation, we argue that none of the key industry stakeholders stand to gain from an electronic market. Instead we found that the existing electronic network has limited its service to carefully preserve the distribution of power am...

Evidence has shown that the provision of product information in electronic markets decreases the price elasticity of demand due to the ‘fit’ cost. This effect, however, could differ according to how consumers perceive the value of the product information to their quality evaluation procedures. If the information has very limited value, then they may not rely on it; thus, the demand elasticity m...

This paper presents our experiences in using an approach to teaching and learning that incorporates elements from games. In particular we describe a simulation game that has been used in a graduate course on Agent Technology for E-commerce to teach students principles of electronic markets and strategic interaction.

Abstract: The Internet was built using the efforts of a worldwide team of programmers that coordinated and competed through laissez-faire methods. Much of the effort was freely provided, or paid for by entities in a process that did not conform to normal commercial revenue-seeking or government regulatory behaviour. This points to major inefficiencies in the market for software. One inhibitor i...

People have trusted in face-to-face interaction more than any other modes of interactions to develop relationships and as a result of which one of the most concerned problem that the electronic world is facing, is the lack of trust. For online trust development, study of customer behavior is must as customers, in present context, have become more fickle and product cycles are shortening. This r...