Posted Price Offers in Internet Auction Markets


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New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction with a fixed price offer so that buyers can choose to bid in the auction or to acquire the item for the fixed price. Applying a Market Engineering approach, this book introduces a model of an auction with a posted price offer ...

Posted Price Offers in Internet Auction Markets 2006, Springer, Berlin, Germany

ISBN-13: 9783540352655

2006 edition

Trade paperback