HP Labs Technical Reports
Click here for full text:
Arbitrageurs in Segmented Markets
van Montfort, George P.R.; Bruten, Janet; Rothkrantz, Leon
Keyword(s): minimally complex autonomous software bargaining agents; agent-based economics
Abstract: This paper describes a system of autonomous software agents able to engage in bargaining in an electronic market. The introduction of arbitrageurs is shown to have a stabilising effect on prices in segmented markets. This type of agent could be used in applications such as market-based control, electronic commerce and economic modelling. The paper describes the need for arbitrage in segmented markets and reports the results of simulating experiments with different market structures.
Back to Index