Posted price offers in internet auction markets
著者
書誌事項
Posted price offers in internet auction markets
（Lecture notes in economics and mathematical systems, 580）
Springer, c2006
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注記
Originally presented as the author's thesis (doctoral)--Universität Fridericiana zu Karlsruhe, 2005
References: p. [171]-178
内容説明・目次
内容説明
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.
目次
Model of the APPO Market Institution.- Design of the APPO Experiment.- Results of the Experiment.- Conclusion and Outlook.
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