In this Section we extend the flexibility of the SMS by introducing
auctions that reveal all information (i.e. bids) they have to all
interested agents. The agents are free to ignore any of this added
information. We also give the sellers the freedom to return a service
of any quality. The only thing that will prevent them from doing this
will be the fact that the buyers have the ability to learn, which they
use for determining which seller to buy from and at what price. The
scenario is the same as in Figure 1.
Jose M. Vidal
jmvidal@umich.edu
Tue Sep 30 14:35:40 EDT 1997