document: Law-governed peer-to-peer auctions This paper proposes a flexible architecture for the creation of Internet auctions . It allows the custom definition of the auction parameters , and provides a decentralized control of the auction process . Auction policies are defined as laws in the Law Governed Interaction ( LGI ) paradigm . Each of these laws specifies not only the auction algorithm itself ( e.g. open-cry , dutch , etc. ) but also how to handle the other parameters usually involved in the online auctions , such as certification , auditioning , and treatment of complaints . LGI is used to enforce the rules established in the auction policy within the agents involved in the process . After the agents find out about the actions , they interact in a peer-to-peer communication protocol , reducing the role of the centralized auction room to an advertising registry , and taking profit of the distributed nature of the Internet to conduct the auction . The paper presents an example of an auction law , illustrating the use of the proposed architecture .
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