Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports

Jerome Yen, Ho Geun Lee, Tung Bui

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 Citations (Scopus)

Abstract

We propose an intelligent clearinghouse system, an electronic marketplace with computer mediated negotiation supports. Most existing electronic market systems support relatively stable markets: Traders are not allowed to revise their bids and offers during the market transaction. The intelligent clearinghouse addresses dynamic markets where buyers and sellers are willing to change their utilities as market conditions evolve. Traders in dynamic markets may suffer a significant loss if they fail to execute transactions promptly. The clearinghouse enables traders to compromise their original utilities to avoid transaction failures. The paper describes the foundation of the clearinghouse system and discusses its trading mechanism, including its order matching method and negotiation support capabilities.

Original languageEnglish
Title of host publicationInformation Systems - Collaboration Systems and Technology
EditorsRalph H. Sprague, Jay F. Nunamaker
PublisherIEEE Computer Society
Pages219-227
Number of pages9
ISBN (Electronic)0818673249
DOIs
Publication statusPublished - 1996 Jan 1
Event29th Hawaii International Conference on System Sciences, HICSS 1996 - Wailea, United States
Duration: 1996 Jan 31996 Jan 6

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume3
ISSN (Print)1530-1605

Conference

Conference29th Hawaii International Conference on System Sciences, HICSS 1996
CountryUnited States
CityWailea
Period96/1/396/1/6

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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  • Cite this

    Yen, J., Lee, H. G., & Bui, T. (1996). Intelligent clearinghouse: Electronic marketplace with computer-mediated negotiation supports. In R. H. Sprague, & J. F. Nunamaker (Eds.), Information Systems - Collaboration Systems and Technology (pp. 219-227). [493193] (Proceedings of the Annual Hawaii International Conference on System Sciences; Vol. 3). IEEE Computer Society. https://doi.org/10.1109/HICSS.1996.493193