Electronic Markets – The International Journal

on Networked Business
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Electronic Markets - The International Journal on Networked Business Grimmaische Str. 12

Editorial Office: 04109 Leipzig, Germany

c/o Information Systems Institute Fax: +49 (341) 9733 612
www.electronicmarkets.org University of Leipzig, Germany editors@electronicmarkets.org
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Introduction to Electronic Auctions [Note to Author:

Replace the text with your own text or use style sheets:

Heading1 – Times New Roman 18pt, bold]

The Emergence of Auctions on the Web [Note to Author: Replace the text

with your own text or use style sheets: Heading2 – Times New Roman 14,

bold]

[Note to Author: Replace the text with your own text or use style sheets: text – Times Roman 10pt] Auctions

are formalised trading procedures in which the trading partners' interaction is governed by specific trading

rules. In many cases an (electronic) auctioneer is functioning as an intermediary. Electronic auctions are a

special case of automated negotiations (cf. Beam and Segev 1997) etc.

Auctions as co-ordination mechanism [Note to Author: Replace the text with your own text or

use style sheets: Heading3 – Times New Roman 10, bold]

Auctions are increasingly used as an efficient co-ordination mechanism for establishing an equilibrium (price).

Examples are an automated auction among software agents to control air conditioning at Xerox (Murhoff and

Ziegler 1996, 56; Seyev et. al. 1997, 60), power auctions or in the future auctions for the allocation of

telecommunication bandwidth, etc...

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