Bidding process in online auctions and winning strategy: Rate equation approach
نویسندگان
چکیده
منابع مشابه
Competitive Bidding Strategy in Buyer-determined Online Reverse Auctions
Many industries utilize competitive, online reverse auctions for industrial procurement. In many of these auctions, the lowest price bidder is not guaranteed to be the winner and the buyer has full latitude to select the winner from any of the qualified bidders. What are the competitive bidding strategies of bidders in these online auctions? Using an adaptive hierarchical bounded rationality mi...
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The popularity of online auctioning has grown meteorically since the late 90s. This attraction is due to their convenience, low cost and ability to reach large (even worldwide) audiences. However, despite the advantages there are many problems inherent in auctioning online. One such problem is shill bidding where spurious bids are introduced into an auction to drive up the final price for the s...
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ژورنال
عنوان ژورنال: Physical Review E
سال: 2006
ISSN: 1539-3755,1550-2376
DOI: 10.1103/physreve.73.067101