Abstract
The rapid development of commerce on the World Wide Web has been accompanied by the creation of new business models and customer relationships involving the use of some form of middleware. Frequently, the middleware is described as a "service." E-services are much like software agents, in that they are characterized by autonomy, perception, and intelligence and have been used primarily for search and data mining activities on the Web. A parallel trend in electronic commerce is the development of auction markets in contrast to traditional fixed posted price models. Most Web-based auction markets are structured on the "English Auction" model where a reserve price is established and bids are increased until the market is cleared.
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