Game theorists typically assume that changing a game's payoff levels--by adding the same constant to, or subtracting it from, all payoffs--should not affect behavior. While t...
In this paper, we derive optimal bidding strategies for a global bidder who participates in multiple, simultaneous second-price auctions with perfect substitutes. We first conside...
Enrico H. Gerding, Rajdeep K. Dash, David C. K. Yu...
Most of the research on transaction costs in the market microstructure literature focuses on implicit transaction costs. Research on the design of price schedules for explicit tra...
Abstract. An e-market system is a concrete implementation of a market institution; it embeds one or more exchange mechanisms. E-market systems are also information systems which ar...
Gregory E. Kersten, Eva Chen, Dirk Neumann, Rustam...
The results of recent studies on prediction markets are encouraging. Prior experience demonstrates that markets with different incentive schemes predicted uncertain future events ...
We consider competition between sellers offering similar items in concurrent online auctions, where each seller must set its individual auction parameters (such as the reserve pric...
Enrico H. Gerding, Alex Rogers, Rajdeep K. Dash, N...
We study the online version of the classical parallel machine scheduling problem to minimize the total weighted completion time from a new perspective: We assume that the data of ...
Negotiating parties oftentimes do not reach mutually beneficial agreements. A considerable body of research on negotiation analysis compiled a set of so called common biases in ne...