Manoj Kumar and Stuart I. Feldman. Business negotiations on the internet . In INET98 Conference of the Internet Society, Geneva, Switzerland, July 1998. Parameters are used to complete this description. These parameters indicate for example if a new bid should be greater than the previous one, what are the closing conditions, etc.
Natural language is used to describe the auctions.
The states of the FSM are the states of the auction. Its input alphabet is the set of messages that can be sent by the participants. A message is expressed as a pair p , m where p is the sender of the message and m is the message sent out. Manoj Kumar and Stuart I. Feldman. Business negotiations on the internet .