BibTeX
@MISC{Vishal02issuesin,
author = {Bijendra Vishal and Prashant},
title = {Issues in Bandwidth Pricing using Software Agents},
year = {2002}
}
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Abstract
Agent mediated bandwidth market, like any other market, is one where buying and selling of a commodity takes place. The item of interest is bandwidth and trading is done by adaptive, software agents, called pricebots and shopbots. In this work, a simple market model for bandwidth market is proposed, which differs from the normal market, in that it has a constant supply of its commodity. Moreover, bandwidth is non-storable and the corresponding market is highly sensitive to uctuations in demand and supply status. Two dierent market strategies are considered, one where the buyer can choose any seller for transaction and second, where the buyer only looks for the seller with the optimum price to maximize his pro t. A mathematical model is constructed for market analysis and the effect of two dierent pricing strategies is extensively studied via simulations in a variety of market scenarios.
