The purpose of this paper is to model the stochastic behavior of the nodal prices of electricity in deregulated markets in the USA, and in particular, to explain how this behavior...
With the recent technological feasibility of electronic commerce over the Internet, much attention has been given to the design of electronic markets for various types of electron...
Inspired by the convex program of Eisenberg and Gale which captures Fisher markets with linear utilities, Jain and Vazirani [STOC, 2007] introduced the class of EisenbergGale (EG)...
Deeparnab Chakrabarty, Nikhil R. Devanur, Vijay V....
—Based on concepts of ecology modeling and specifi-4 cally on population biology, a methodology for describing a high-5 technology market’s dynamics is developed and presented...
Christos Michalakelis, Thomas Sphicopoulos, Dimitr...
Ensuring sufficient liquidity is one of the key challenges for designers of prediction markets. Various market making algorithms have been proposed in the literature and deployed ...
Market mechanisms have been exploited as important means for spectrum acquisition and access in cognitive radio networks. In this paper, we propose a two-tier market for decentrali...
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 increasing demand for high-bandwidth applications such as video-on-demand and grid computing is reviving interest in bandwidth reservation schemes. Earlier attempts did not ca...
David Michael Turner, Vassilis Prevelakis, Angelos...
We conduct laboratory experiments on variants of market scoring rule prediction markets, under different information distribution patterns, in order to evaluate the efficiency an...
We study competitive positioning and pricing strategies in markets where consumers seek variety. Variety seeking behavior is modeled as an increase in the willingness-to-pay for t...