Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
481725 | European Journal of Operational Research | 2008 | 15 Pages |
Abstract
With the advent of open standards and Internet technologies, the number of sellers who can participate in online exchanges is greatly increased. We model the competition between identical sellers vying for the same business, and find that there exists a mixed-strategy equilibrium in prices. The results help us understand the dynamics between a seller’s capacity and his motivation to participate in an auction.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Subhajyoti Bandyopadhyay, John M. Barron, Alok R. Chaturvedi,