We propose an electronic institution approach to build a virtual market as an open multi-agent system that handles several negotiation protocols in a coherent and flexible fashion. This proposal has been inspired by the work in mWater, which is developed as a regulated environment where autonomous agents trade rights for the use of water in a closed basin. We also present a generic negotiation framework that is enabled with tools to specify performance indicators, to spawn agent populations and allow humans, as well as software agents, to participate in simulations of water-right virtual trading. This demonstrates an interesting aid for data organisation, and for communication and negotiation among the different stakeholders of a basin.
CITATION STYLE
Garrido, A., Giret, A., Botti, V., & Noriega, P. (2013). mWater, a Case Study for Modeling Virtual Markets. In Law, Governance and Technology Series (Vol. 8, pp. 565–582). Springer Nature. https://doi.org/10.1007/978-94-007-5583-3_33
Mendeley helps you to discover research relevant for your work.