Agent-intermediated electronic markets in international freight transportation

被引:7
作者
Nault, BR
Dexter, AS
机构
[1] Univ Calgary, Haskayne Sch Business, Calgary, AB T2N 1N4, Canada
[2] Univ British Columbia, Sauder Sch Business, Vancouver, BC V5Z 1M9, Canada
基金
加拿大自然科学与工程研究理事会; 美国国家科学基金会;
关键词
electronic markets; intermediation; transportation;
D O I
10.1016/j.dss.2004.10.008
中图分类号
TP18 [人工智能理论];
学科分类号
081104 ; 0812 ; 0835 ; 1405 ;
摘要
In many industries, agent-intermediated markets are inefficient because information about latent demand and supply never gets to market. We demonstrate how information technology (IT) in the form of an agent-intermediated electronic market (EM) alleviates this problem by enhancing the agent-as-market-maker using the international freight transportation industry as an example. We find that an EM increases agent participation and investment thereby increasing demand and supply. Because of tradeoffs between incentives for investment, the EM chooses a profit allocation between agents resulting in limited agent participation. In addition, when price depends on demand and supply balances, price and volume in the market can increase simultaneously. (c) 2004 Elsevier B.V. All rights reserved.
引用
收藏
页码:787 / 802
页数:16
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