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Titlebook: Posted Price Offers in Internet Auction Markets; Stefan Seifert Book 2006 Springer-Verlag Berlin Heidelberg 2006 Electronic Market.Interne

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書目名稱Posted Price Offers in Internet Auction Markets
編輯Stefan Seifert
視頻videohttp://file.papertrans.cn/753/752206/752206.mp4
叢書名稱Lecture Notes in Economics and Mathematical Systems
圖書封面Titlebook: Posted Price Offers in Internet Auction Markets;  Stefan Seifert Book 2006 Springer-Verlag Berlin Heidelberg 2006 Electronic Market.Interne
描述.New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction with a fixed price offer so that buyers can choose to bid in the auction or to acquire the item for the fixed price....Applying a Market Engineering approach, this book introduces a model of an auction with a posted price offer and investigates the characteristics of such mechanisms. It discusses the respective equilibrium strategies of both the sellers and the bidders which provide useful insights into understanding actual behavior. The theoretical results are compared with strategies of students in a controlled experiment. The experimental observations indicate shortcomings of standard economic theories and help to further improve electronic markets..
出版日期Book 2006
關(guān)鍵詞Electronic Market; Internet; efficiency; equilibrium; institutions; linear optimization
版次1
doihttps://doi.org/10.1007/978-3-540-35268-6
isbn_softcover978-3-540-35265-5
isbn_ebook978-3-540-35268-6Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 2006
The information of publication is updating

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