optimalstartingpriceforebaylikeonlineauctions
文献类型：期刊论文
| 作者 | Hai Yu1; Shongyang Wang1; Chuangyin Dang2 |
| 刊名 | journalofsystemsscienceandcomplexity
 |
| 出版日期 | 2006 |
| 卷号 | 19期号:1页码:9 |
| ISSN号 | 1009-6124 |
| 英文摘要 | Reserve price auctions are one of hot research issues in traditional auction theory. Here we study the starting price in an online auction, the counterpart of the public reserve price in a traditional auction. By considering three features of eBay-like online auctions: stochastic entry of bidders (subject to Poisson process), insertion fee proportional to the starting price, and time discount, we have analyzed the properties of extremum points of the starting price for maximizing the seller's expected revenue, and found that, under certain conditions, the optimal starting price should be at the lowest allowable level, which is contrary to the results from the classic auction theory and finds its optimality in reality. We have also developed a general extended model of multistage auctions and carried out analysis on its properties. At last, some directions for further research are also put forward. |
| 语种 | 英语 |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/45591]  |
| 专题 | 中国科学院数学与系统科学研究院 |
| 作者单位 | 1.中国科学院数学与系统科学研究院 2.香港城市大学 |
| 推荐引用方式 GB/T 7714 | Hai Yu,Shongyang Wang,Chuangyin Dang. optimalstartingpriceforebaylikeonlineauctions[J]. journalofsystemsscienceandcomplexity,2006,19(1):9. |
| APA | Hai Yu,Shongyang Wang,&Chuangyin Dang.(2006).optimalstartingpriceforebaylikeonlineauctions.journalofsystemsscienceandcomplexity,19(1),9. |
| MLA | Hai Yu,et al."optimalstartingpriceforebaylikeonlineauctions".journalofsystemsscienceandcomplexity 19.1(2006):9. |
入库方式： OAI收割
来源：数学与系统科学研究院
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