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Posted Price Offers in Internet Auction Markets

Posted Price Offers in Internet Auction Markets

Stefan Seifert

66,72 €
IVA incluido
Disponible
Editorial:
Springer Nature B.V.
Año de edición:
2006
Materia
Microeconomía
ISBN:
9783540352655
66,72 €
IVA incluido
Disponible

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Sobre IBD

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 sellers and the bidders, providing useful insight into actual behavior. The theoretic results are compared with strategies of students in a controlled experiment. The experimental observations expose shortcomings of standard economic theories and help to further improve electronic markets.

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