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Exchange Market for Complex Goods: Theory and Experiments
Fink, Eugene; Johnson, Josh; Hu, Jenny - 2003
The modern economy includes a variety of markets, and the Internet has opened opportunities for efficient on-line trading. Researchers have developed algorithms for various auctions, which have become a popular means of on-line sales. They have also designed algorithms for exchange markets,...
Persistent link: https://www.econbiz.de/10009440957
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Transition to electronic trading of Kansas City Board of Trade wheat futures
Shah, Samarth; Brorsen, B. Wade - 2010
This study compares liquidity costs and other characteristics of electronic and open outcry hard red winter wheat futures contracts traded on the Kansas City Board of Trade. Liquidity costs are considerably lower in the electronic market than in the open outcry market. A new approach is used to...
Persistent link: https://www.econbiz.de/10009446522
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Improving Operations at Manheim Seattle
Fetic, Sanin; Gordillo, Alejandro; Gouws, Jacques; … - 2008
77 auction sites. Because of the company-wide implications of these analyses, the group will reprise its report at the …
Persistent link: https://www.econbiz.de/10009475804
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Asymptotic Properties of Equilibrium in Discriminatory and Uniform Price IPV Multi-Unit Auctions
Katzman, Brett E. - 2009
This paper confronts the tractability problems that accompany IPV auction models with multi-unit bidder demands …
Persistent link: https://www.econbiz.de/10009458995
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Auctions with a Buy Price: The Case of Reference-Dependent Preferences
Shunda, Nicholas - 2007
In an auction with a buy price, the seller provides bidders with an option to end the auction early by accepting a … transaction at a posted price. The "Buy-It-Now" option on eBay is a leading example of an auction with a buy price. This paper … develops a model of an auction with a buy price in which bidders use the auction's reserve price and buy price to formulate a …
Persistent link: https://www.econbiz.de/10009430058
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Evolutionary stability of first price auctions
Louge, Fernando; Riedel, Frank - 2010
This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is …
Persistent link: https://www.econbiz.de/10009452572
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Evolutionary learning in auctions
Konrad Richter - 2005
Classical auction theory relies heavily on the assumption of perfectly rational bidders that play according to their …
Persistent link: https://www.econbiz.de/10009428992
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Flexible Decision-Making in Sequential Auctions
Cai, Gangshu - 2005
strategies beforehand. However, finding closed-form solutions to various sequential auction games is challenging. Current … optimal bids for players in different sequential auction games will be useful in solving these complex economic problems …
Persistent link: https://www.econbiz.de/10009431203