scholarly journals Information and Coordination Frictions in Experimental Posted Offer Markets

2016 ◽  
Author(s):  
Leif Helland ◽  
Espen R. Moen ◽  
Edgar Preugschat
Keyword(s):  
Posted Offer

scholarly journals Fairness: Effect on Temporary and Equilibrium Prices in Posted-Offer Markets

2000 ◽  
pp. 61-76 ◽  
Author(s):  
Robert Franciosi ◽  
Praveen Kujal ◽  
Roland Michelitsch ◽  
Vernon L. Smith ◽  
Gang Deng
Keyword(s):  
Equilibrium Prices ◽  
Posted Offer

Posted-Offer Markets

2021 ◽  
pp. 173-240
Keyword(s):  
Posted Offer

Coordination of purchasing and bidding activities across posted offer and auction markets

2006 ◽  
Vol 5 (1) ◽  
pp. 25-46 ◽  
Author(s):  
Daniel D. Zeng ◽  
James C. Cox ◽  
Moshe Dror
Keyword(s):  
Auction Markets ◽  
Posted Offer

scholarly journals Fairness: Effect on Temporary and Equilibrium Prices in Posted-Offer Markets

1995 ◽  
Vol 105 (431) ◽  
pp. 938 ◽  
Author(s):  
Robert Franciosi ◽  
Praveen Kujal ◽  
Roland Michelitsch ◽  
Vernon Smith ◽  
Gang Deng
Keyword(s):  
Equilibrium Prices ◽  
Posted Offer

Competitive equilibrium convergence in a posted-offer market with extreme earnings inequities

1990 ◽  
Vol 14 (3) ◽  
pp. 331-352 ◽  
Author(s):  
Timothy N. Cason ◽  
Arlington W. Williams
Keyword(s):  
Competitive Equilibrium ◽  
Posted Offer

scholarly journals Price ceilings and firm-specific quantity restrictions in posted-offer markets

1999 ◽  
Vol 11 (4) ◽  
pp. 389-406 ◽  
Author(s):  
Praveen Kujal
Keyword(s):  
Posted Offer

Market Transparency in Business-to-Business e-Commerce

2011 ◽  
Vol 7 (4) ◽  
pp. 62-78
Author(s):  
Yasin Ozcelik ◽  
Zafer D. Ozdemir
Keyword(s):  
Tracking Performance ◽  
Demand Shocks ◽  
Market Transparency ◽  
Market Makers ◽  
The Poor ◽  
External Demand ◽  
Tracking Ability ◽  
The Difference ◽  
Business To Business ◽  
Posted Offer

Market transparency refers to the level of current trade information revealed to participants by market makers. This paper analyzes the effect of market transparency on the outcomes of posted-offer style Business-to-Business e-commerce markets. First, increasing market transparency improves the price-tracking ability of sellers, and results in higher efficiency. However, revelation of quantity information on transactions is not very crucial as opposed to price information. Second, although sellers extract significantly higher surplus (profit) than buyers can do in a posted-offer market, the difference vanishes with increasing market transparency. Lastly, sellers in posted-offer markets respond poorly to external demand shocks. Interestingly, the poor price-tracking performance of sellers hurts buyers more. In other words, seller profits are much less sensitive to demand shocks as compared to buyer surpluses.

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