Magma an agent based virtual market for electronic commerce

Maksim Tsvetovatyy, Maria Gini, Bamshad Mobasher, Zbigniew Wieckow Ski, Wieckow Ski

Research output: Contribution to journalArticlepeer-review

99 Scopus citations

Abstract

We propose an architecture for an agent-based virtual market that includes all elements required for simulating a real market. These elements include a communication infrastructure, mechanisms for storage and transfer of goods, banking and monetary transactions, and economic mechanisms for direct or brokered producer-consumer transactions. We report findings that resulted from implementing and conducting experiments with a free-market agent architecture (MAGMA). MAGMA is an extensible architecture that provides all services essential to agent-based commercial activities. These services are available through an open-standard messaging API, which allows using a heterogeneous set of agents, independently of the platform and language.

Original languageEnglish (US)
Pages (from-to)501-523
Number of pages23
JournalApplied Artificial Intelligence
Volume11
Issue number6
DOIs
StatePublished - Sep 1 1997

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