Auctions Versus Private Negotiations in Buyer-Seller Networks
نویسندگان
چکیده
منابع مشابه
Auctions Versus Private Negotiations in Buyer-Seller Networks
Buyer-seller networks where price is determined by an ascending-bid auction are important in many economic examples such as certain real estate markets, radio spectrum sharing, and buyer-supplier networks. However, it may be that some sellers are better off not participating in the auction. We consider what happens if sellers can make a take it or leave it offer to one of their linked buyers be...
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In many Internet commerce applications buyers can easily achieve anonymity, limiting what a seller can learn about any buyer individually. However, because sellers need to keep a fixed web address, buyers can probe them repeatedly or pool their information about sellers with the information obtained by other buyers; hence, sellers’ strategies become public knowledge. Under assumptions of buyer ...
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Auctions are compared with different forms of negotiation and bargaining. The value of an extra customer is shown to exceed the value of being able to ration supply, if the seller is otherwise unconstrained. Thus, we generalize and provide a simple proof of a result due to Bulow and Klemperer (1996), in which auctions and negotiations are compared. We also compare auctions and seller-offer barg...
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Auctions and exchanges are one of the most important market mechanisms for price determination and allocation of goods. In this paper we consider the case when each buyer has a limited budget and wishes to buy at most one item in multi-item auctions. We show the limitations of two known mechanisms – sequence of single-item auctions and recently introduced XOR double auctions – and introduce a n...
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In many selling situations, the firm can choose between a selling format in which the buyer determines which information about the product will be revealed and one in which the seller makes this determination. We model this choice of information revelation format and its interaction with product quality. In a monopoly with exogenous quality, if the firm offers a high quality product it prefers ...
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ژورنال
عنوان ژورنال: Games
سال: 2016
ISSN: 2073-4336
DOI: 10.3390/g7030022