Towards a Rule-Based Bidding Language: Promoting the Free Expression of Rational Conduct for Ecosystem Friendly E-Markets

This work identifies and examines the status quo of intolerance of e-markets to the free conduct of individuals, which often provokes adverse strategies and lead to market failures. The work advocates that free market dynamics bring stable efficiency by equalizing the conflicting forces of the self interest and essential need of individuals. That motivates a collaborative reactions that diffuse monopolies. The constant learning at repetitive e-trades motivates traders to reason about e-market disruptions and adjust strategies. The free expressions of strategic conduct, hence, inspire the truthful reactions that result in an efficient ecosystem friendly exchange of wealth and resources. Hence, the work introduces the rule based bidding language that enables the free, flexible, concise, and symmetric expression of preferences and strategic conduct. The bidding language enables individuals to freely express their strategic actions as logical rule formulae on multiple feature-value preferences that jointly form the traded items. The free e-market deliberates on the logical rules for automatic deduction, elicitation and formulation of bids and asks. The deduction of rules enables also a faster e-market clearing and rapid e-trades. This work is an attempt to liberalizing the e-marketplaces by freely expressing the strategic choice that drive the resilience of stable social efficiency.