Algebra for the Electronic Marketplace 
 
Ross Miller 
GE Corporate R&D 
Box 8 
Schenectady, NY 12301-0008 
Internet: millerrm@crd.ge.com 
Phone: 518 387-5213 
Fax: 800 308-2676 
 
This talk will explore formal structures that characterize automated  
mechanisms for exchange using market-generated prices. The goal of  
such formalization is the development of "smart" market mechanisms  
that employ algebraic means to optimize and coordinate the allocation  
of goods to market participants "on the fly." Research results for  
both centralized and distributed market systems are discussed.  
Differences from neoclassical views of markets as static  
surplus-maximizing mechanisms are highlighted.