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Game Modeling of the Auctions in Internet

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  • Maria Garvalova

Abstract

Presented are the results of the analyses of one of the most successful forms of the e-trade gaining more and more popularity – trade in internet, as well as of a formalized description of the most distributed and most often used for empirical studies models. The gained research experience shows that the methods, based on game approaches, are effective for a forming of the strategy when participating in internet auctions, but the researchers face the lack of clear methodical rules, forming the criterion of effectiveness of the participants.

Suggested Citation

  • Maria Garvalova, 2001. "Game Modeling of the Auctions in Internet," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 119-125.
    • Handle: RePEc:bas:econth:y:2001:i:5:p:119-125
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    References listed on IDEAS

    as
    1. Williams, Steven R, 1986. "Realization and Nash Implementation: Two Aspects of Mechanism Design," Econometrica, Econometric Society, vol. 54(1), pages 139-151, January.
    2. Bajari, Patrick & Hortacsu, Ali, 2003. "The Winner's Curse, Reserve Prices, and Endogenous Entry: Empirical Insights from eBay Auctions," RAND Journal of Economics, The RAND Corporation, vol. 34(2), pages 329-355, Summer.
    3. Alvin E. Roth & Axel Ockenfels, 2000. "Last Minute Bidding and the Rules for Ending Second-Price Auctions: Theory and Evidence from a Natural Experiment on the Internet," NBER Working Papers 7729, National Bureau of Economic Research, Inc.
    4. repec:bla:jindec:v:48:y:2000:i:3:p:227-52 is not listed on IDEAS
    5. Drew Fudenberg & Jean Tirole, 1991. "Game Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262061414, December.
    6. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
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    More about this item

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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