Building trust in online auction markets through an economic incentive mechanism

2003 ◽  
Vol 35 (3) ◽  
pp. 273-286 ◽  
Author(s):  
Sulin Ba ◽  
Andrew B. Whinston ◽  
Han Zhang
2021 ◽  
Author(s):  
Francisco Alvarez ◽  
Alfredo Garcia-Hiernaux ◽  
Marcello Sartarelli

2007 ◽  
Vol 17 (4) ◽  
pp. 311-328 ◽  
Author(s):  
Ram D. Gopal ◽  
Y. Alex Tung ◽  
Andrew B. Whinston

Author(s):  
Roumen Vragov

Currently many auction websites directly or indirectly provide support for the use of automated proxies or agents. Buyers can use proxies to monitor auctions and bid at the appropriate time and with the appropriate bid price, sellers can use proxies to set prices or negotiate deals. Proxy complexity varies, however most proxies first require some input on the part of the human trader and then perform the trading task autonomously. This paper proposes and tests a theoretical model of human behavior that can be used to detect behavioral biases in electronic market environments populated by humans and software agents. The paper also quantifies the effect of these biases on individual and business profits.


2013 ◽  
Vol 368-370 ◽  
pp. 1913-1916 ◽  
Author(s):  
Ying Li ◽  
Tie Gang Kang

In order to effectively improve the Building safety, this paper applies the principle of institutional economics; construct the economic incentive mechanism of Building safety management, From the mechanism of target system, mechanism of main body, mechanism structure principle, the mechanism safeguard, this paper probes into the mechanism of Building safety, Mechanism of the subject system including government, construction enterprises and employees and microscopic behavior criterion; The effective operational mechanism of the security system, including the economic incentive system of laws and regulations, economic incentives organization, economic incentive to financial and economic guarantee, etc.; The operation mechanism embodied in the internal elements of rational allocation, so as to make the economic incentive policy for building effective implementation.


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