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What is Electronic market

Encyclopedia of E-Business Development and Management in the Global Economy
An ICT-based system that creates value by bringing together stakeholders in the market to enable transactional immediacy and supply liquidity, by supporting the exchange of demand and supply information, and reducing transaction time and cost.
Published in Chapter:
An Agent-Based B2C Electronic Market in the Next-Generation Internet
Vedran Podobnik (University of Zagreb, Faculty of Electrical Engineering and Computing, Croatia), Krunoslav Trzec (Ericsson Nikola Tesla, Croatia), and Gordan Jezic (University of Zagreb, Faculty of Electrical Engineering and Computing, Croatia)
DOI: 10.4018/978-1-61520-611-7.ch023
Abstract
In a global multi-service and multi-provider market, Internet Service Providers (ISPs) will increasingly need to base their operation on new consumer-centric business models. In this article, the authors present an agent-based framework for the Business-to-Consumer (B2C) electronic market, comprising User Agents, Broker Agents and Provider Agents, which enable Internet users to select an ISP in an automated manner.
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More Results
Time Constraints for Sellers in Electronic Markets
A place where entities can negotiate and agree upon the exchange of products.
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