We study the price dynamics in a multi-agent economy consisting of buyers and competing sellers, where each seller has limited information about its competitors’ prices. In this ...
Cooperation among bidders in traditional auctions is generally forbidden because it is harmful to the interests of sellers. However, in a new type of online auction, the group-buy...
Jian Chen, Xilong Chen, Robert J. Kauffman, Xiping...
Abstract. We study an online version of Fisher's linear case market. In this market there are m buyers and a set of n dividable goods to be allocated to the buyers. The utilit...
The rapid growth of the consumer-to-consumer online auction market demands research into its market structure and future trends. We propose that online reputation is becoming an i...
Zhangxi Lin, Dahui Li, Balaji Janamanchi, Wayne Hu...
Existing reputation systems used by online auction houses do not address the concern of a buyer shopping for commodities—finding a good bargain. These systems do not provide in...
Shai Rubin, Mihai Christodorescu, Vinod Ganapathy,...