Posted Price Offers in Internet Auction Markets - Couverture souple

Seifert, Stefan

 
9783540352655: Posted Price Offers in Internet Auction Markets
Couverture souple
ISBN 10 : 3540352651 ISBN 13 : 9783540352655
Editeur : Springer Berlin Heidelberg, 2008

Synopsis

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.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer Berlin Heidelberg
Date d'édition
2008
Langue
anglais
ISBN 10 
3540352651
ISBN 13 
9783540352655
Reliure
Broché
Nombre de pages
200
Coordonnées du fabricant
non disponible
Personne responsable
CMN Printpool Inh. Mathis Neumann
https://www.also.com/ec/cms5/en_6000/6000/index.jsp

Friedrich-Karl-Str. 9
Hamburg
Allemagne