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Agent-Based E-Commerce and its Contribution to Economy

Author

Listed:
  • Isil Karabey

    (ATATURK UNIVERSITY FACULTY OF ENGINEERING)

  • Ugur Guven Adar

    (ATATURK UNIVERSITY FACULTY OF ENGINEERING)

Abstract

Today the importance of e-commerce increases in line with the rise in the number of internet users. The complexity and the excess of information in internet make the use of semantic web in e-commerce mandatory. In practice, semantic web uses agents for economic income. Agents are integrated into e-commerce systems such as B2C (Business to Consumer) and B2B (Business to Business). So, agents enable the exchange between customers and sellers and allow shopping transaction. Multi-agent systems are generally used in agent-based e-commerce systems. Negotiation and auction gained importance in these multi-agent systems. There are some differences between B2B and B2C agent systems. These differences can be exemplified by some systems such as MIT?s KASBAH or E-bay?s AuctionBot. With these systems, buyers can purchase with the minimum prices and sellers can reach more costumers without advertisement. In this paper, the benefits and challenges of agent based e-commerce is investigated and the contribution of the use of agents in B2B (Business to Business) e-commerce systems to the economy is examined.

Suggested Citation

  • Isil Karabey & Ugur Guven Adar, 2014. "Agent-Based E-Commerce and its Contribution to Economy," Proceedings of International Academic Conferences 0802194, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:0802194
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    File URL: https://iises.net/proceedings/13th-international-academic-conference-antibes/table-of-content/detail?cid=8&iid=028&rid=2194
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    More about this item

    Keywords

    e-commerce; agent-based e-commerce systems; multi-agent systems; economic agents.;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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