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Pricing (Composed) Web Services

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2007

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Gesellschaft für Informatik e. V.

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In this invited talk we discuss the challenges associated with composing and pricing web services. We present the results of an online experiment, where subjects were confronted with a variety of choices and decisions relating to web service markets and service composition. Our analysis shows that people expect the price of a composite web service to be lower than the sum of the prices of the elementary services, i.e., users are not willing to pay for aggregation by a third party. To obtain a viable business model for composite web services, non-standard pricing mechanisms, such as auctions and negotiations, possibly supported by electronic agents, have to be taken into consideration. Usage-based pricing schemes, combined with an option to switch to a flat subscription, seem most appropriate to penetrate the developing market for web services. – This is joint work with Frank Leymann and Gerrit Tamm. A full version of this paper will be published shortly in the International Journal of Business Process Integration and Management.

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Günther, Oliver (2007): Pricing (Composed) Web Services. Business process and services computing – 1st international working conference on business process and services computing – BPSC 2007. Bonn: Gesellschaft für Informatik e. V.. PISSN: 1617-5468. ISBN: 978-3-88579-210-9. pp. 36-36. Regular Research Papers. Leipzig. September 25-26, 2007

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