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Event-Driven Market-Based(EDMB)
Decentralized task allocation through bid/ask event marketplace
In 30 seconds
- What
- Agents bid on tasks posted to a marketplace, a coordinator matches bids to tasks using pricing and reputation, winner executes and updates reputation.
- When to use
- Multiple autonomous agents compete for work, task allocation needs dynamic pricing, or you want agents to self-select based on capability and cost.
- Watch out
- Coordination overhead and latency from bidding rounds can exceed the cost savings from decentralized allocation.
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Event-Driven Market-Based: Overview
Decentralized task allocation through bid/ask event marketplace
- Auction-based task allocation
- Bid/ask event streams
- Market maker coordination
- Dynamic pricing mechanisms
- Reputation-based selection
- Decentralized negotiation
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References
The papers, specifications, and repositories this pattern is based on.
- Bertsekas (1988): The Auction Algorithm
- Wellman (1993): Market‑Oriented Programming
- EigenTrust (2004): Reputation Management in P2P Networks
- Smith (1980): The Contract Net Protocol
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