Online Auction Protocols and Systems over the Internet
Latha Sudharshan · 2000
Electronic auctioning is key in understanding the electronic commerce and its success in transforming the marketplace. Electronic auctioning is opening new avenues for businesses to become efficient and to cater to large and small consumer base. Also, business transaction like consumer-to-consumer has attained wider market by virtue of the property of Internet. Some of the toughest and frustrating part of the purchasing process- negotiation, is moving from human agent to software agent and participating in the auctions round the clock on users behalf in an open multi-agent distributed environment. This survey report is research study on electronic auctioning process, systems and protocols. Chapter 1 gives a brief introduction to auctioning and defines terms related to auctioning. It also explains the types of auction and auctioning mechanisms. Chapter 2 explains several auction protocols for single ended and double ended auctions. It also lists an application of auctioning in resource and task allocation for a shop-floor