SMS: An Information Economy
Agents buy and sell information goods and services
“Similar” goods/services can be auctioned in a market
New auctions can be created for new goods/services
Auction mechanisms can lead to efficient allocation
Decision making is decentralized (“invisible hand”)
Economic incentives for third parties to join
Hypotheses:
- We can realize a wide range of different policies within this framework
- Extensibility is encouraged
- Scalability is supported