Read – Time Constraints for Sellers in Electronic Markets

Electronic markets provide virtual places for negotiation over the exchange of products. In such places entities representing buyers and sellers can interact and agree upon a product price. Both parties try to maximize their profit. The authors model such an interaction as a finite horizon bargaining game and try to quantify  the maximum time of seller participation in the game. The estimated deadline indicates until when the interaction is profitable for the seller. The authors’ model defines the appropriate value for a patience factor which finally results in the seller deadline fully adapted in each product characteristics.

Advertisements

About Andre

Experience Business Developer & Alliance Partner Manager with Strong Technical Background Dealing with Complex Solutions
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s