Capacity and entry issues in online exchanges
- 作者：Subhajyoti B ; yopadhyay ; John M. Barron ; Alok R. Chaturvedi
- 关键词：Auctions ; Economics ; Game theory ; Online exchanges ; Supplier competition
- 刊名：European Journal of Operational Research
- 出版年：2008
- 期刊代码：58_03772217
- 类别：et
- 出版时间：1 March 2008
- 卷：185
- 期：2
- 页码：849-863
- 文件大小：617 K
摘要
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.