@InProceedings{wu04a,
  author =	 {Jianhui Wu and Edmund Durfee},
  title =	 {The Impact of Communication Costs and Limitations on
                  Price Wars},
  booktitle =	 {Proceedings of the Third International Joint
                  Conference on Autonomous Agents and MultiAgent
                  Systems},
  pages =	 {1205--1212},
  year =	 2004,
  publisher =	 {{ACM}},
  abstract =	 {Price wars the iterative undercutting of prices to
                  the marginal cost by competitors have frequently
                  emerged in models of economic systems populated by
                  computational agents. In this paper, we explore the
                  prevalence and severity of price wars in models of
                  multiagent ecommerce systems that include costs and
                  limitations on interagent communication. The
                  empirical results we describe in this paper indicate
                  that, for a stationary consumer population, limiting
                  the rate of penetration of price information can
                  reduce the severity of price wars, and that charging
                  producer agents for communication can in fact
                  curtail priceundercutting before prices (and
                  profits) bottom out. Furthermore, prices (and
                  profits) do not bottom out for non-stationary
                  consumer populations, where in fact cyclic price
                  wars can arise.},
  keywords =     {multiagent communication auctions},
  url =		 {http://jmvidal.cse.sc.edu/library/wu04a.pdf},
  comment =	 {masrg},
  cluster = 	 {11442706366591898455}
}