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Title :An experimental study of the effect of bidding increments on the contract price of online auction
Authors :Fu Jing
Issue Date :31-Oct-2017
Abstract :In recent years, online auction has been widely used in a variety of fields. Unlike traditional auctions, it introduces this mechanism to the masses, and provides them with a broad selection of goods to buy or sell. This paper focuses on finding a better bidding increment rule to maximize the contract price from exhibitors’ perspective. The primal method applied here is to compare the effect of fixed and variable bidding increments on the contract price by simulation with C language. The auction is assumed to be first-price and open-bid with installation of automatic bidding system. Our simulation results show that for goods at all market prices, there exists certain fixed bidding increment(s) outperforming the variable one. However, with other fixed bidding increments, variable bidding increments usually perform better. 福岡工業大学情報科学研究所
Type Local :紀要論文
ISSN :13466169
Publisher :福岡工業大学情報科学研究所
Comment :著者所属 : 福岡工業大学 システム・マネジメント工学科(Department of System Management, Faculty of Information Engineering)
URI :http://hdl.handle.net/11478/767
citation :福岡工業大学情報科学研究所所報
Citation :福岡工業大学情報科学研究所所報 Vol.28 p.25 -28
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