An Internet Trading Platform for Testing Auction and Exchange Mechanisms

2011 ◽

pp. 272-290

Author(s):

Dong-Qing Yao ◽

Dong-Qing Qiao ◽

Haibing Qiao

Keyword(s):

Open Source ◽

Online Auctions ◽

Electronic Market ◽

Market Behavior ◽

Market Mechanisms ◽

Future Directions ◽

Web Interfaces ◽

Framework Design ◽

Free Open Source ◽

Bidding Language

In this chapter, we introduce a generic Internet trading framework for online auctions. We present the requirements and service of the framework. A generic OR/XOR bidding language that can express different OR/XOR combinations is adopted for Web interfaces. The framework is implemented with free open-source technologies already successfully tested in industries. Researchers can use the platform to implement different electronic-market mechanisms, simulate the market behavior of their interests, and experiment with it. We also provide future directions for the framework design.

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A Generic Internet Trading Framework for Online Auctions

Electronic Commerce ◽

10.4018/978-1-59904-943-4.ch016 ◽

2011 ◽

pp. 163-177

Author(s):

Dong-Qing Yao ◽

Haiying Qiao ◽

Haibing Qiao

Keyword(s):

Open Source ◽

Online Auctions ◽

Electronic Market ◽

Market Behavior ◽

Market Mechanisms ◽

Future Directions ◽

Web Interfaces ◽

Framework Design ◽

Free Open Source ◽

Bidding Language

In this chapter, we introduce a generic Internet trading framework for online auctions. We present the requirements and service of the framework. A generic OR/XOR bidding language that can express different OR/XOR combinations is adopted for Web interfaces. The framework is implemented with free open-source technologies already successfully tested in industries. Researchers can use the platform to implement different electronic-market mechanisms, simulate the market behavior of their interests, and experiment with it. We also provide future directions for the framework design.

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A Multi-Agent System for Modular Platform Design in a Dynamic Electronic Market Environment

Volume 3: 26th Computers and Information in Engineering Conference ◽

10.1115/detc2006-99286 ◽

2006 ◽

Cited By ~ 4

Author(s):

Seung Ki Moon ◽

Soundar R. T. Kumara ◽

Timothy W. Simpson

Keyword(s):

Product Development ◽

Electronic Market ◽

Multi Agent System ◽

Market Environment ◽

Agent System ◽

Market Mechanisms ◽

Platform Design ◽

Development Framework ◽

Multi Agent ◽

Modular Platform

Electronic markets and web-based supply chain management have improved traditional product development processes by increasing the participation of customers and applying various trading processes between companies and suppliers in a dynamic electronic market environment. A multi-agent system is an appropriate tool to implement a product development system in a distributed environment because of its flexibility, scalability, and adaptability. This paper introduces a multi-agent system (MAS) based on market mechanisms to support modular platform design. The agent architecture for the proposed MAS is described, including specific agent roles, knowledge, and strategies. In particular, a reputation mechanism is used to select stable and reputable modules for the platform by detecting and dismissing volatile modules in a dynamic electronic market environment. We demonstrate the implementation of the proposed MAS using a multi-agent development framework and how to use module reputation for selecting a module for the platform. Through experiments, we illustrate that the MAS can be used to design modules in a product platform using the proposed market mechanisms.

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User acceptance of complex electronic market mechanisms: Role of information feedback

Journal of Operations Management ◽

10.1016/j.jom.2013.07.015 ◽

2013 ◽

Vol 31 (6) ◽

pp. 489-503 ◽

Cited By ~ 4

Author(s):

Gediminas Adomavicius ◽

Shawn P. Curley ◽

Alok Gupta ◽

Pallab Sanyal

Keyword(s):

User Acceptance ◽

Information Feedback ◽

Electronic Market ◽

Market Mechanisms ◽

Role Of Information

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How to Assure Stable Development in Unstable Financial Environment?

Voprosy Ekonomiki ◽

10.32609/0042-8736-2007-12-4-26 ◽

2007 ◽

pp. 4-26 ◽

Cited By ~ 5

Author(s):

M. Ershov

Keyword(s):

Stock Market ◽

Developed Countries ◽

Market Liquidity ◽

Market Mechanisms ◽

Russian Economy ◽

The Developed Countries ◽

Russian Stock Market ◽

Stable Development ◽

Financial Environment

Growing involvement of Russian economy in international economic sphere increases the role of external risks. Financial problems which the developed countries are encountered with today result in volatility of Russian stock market, liquidity problems for banks, unstable prices. These factors in total may put longer-term prospects of economic growth in jeopardy. Monetary, foreign exchange and stock market mechanisms become the centerpiece of economic policy approaches which should provide for stable development in the shaky environment.

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Contract institutions in the Russian economy: The sphere of state, municipal, and regulated procurement

Voprosy Ekonomiki ◽

10.32609/0042-8736-2017-11-93-110 ◽

2017 ◽

pp. 93-110 ◽

Cited By ~ 3

Author(s):

O. Anchishkina

Keyword(s):

Economic Growth ◽

Theoretical Model ◽

Market Structure ◽

Market Equilibrium ◽

Statistical Evidence ◽

Market Model ◽

Market Behavior ◽

Database Analysis ◽

Russian Economy ◽

Contracting Model

The article synthesizes information on database analysis of state, municipal, and regulated procurement through which Russian contract institutions and the market model are investigated. The inherent uncertainty of quantity indicators on contracting activities and process is identified and explained. The article provides statistical evidence for heterogeneous market structure in state and municipal procurement, and big player’s dominance. A theoretical model for market behavior, noncooperative competition and collusion is proposed, through which the major trends are explained. The intrinsic flaws and failure of the current contracting model are revealed and described. This ineffectiveness is regarded to be not a limitation, but a challenge to be met. If responded to, drivers for economic growth and market equilibrium will be switched on.

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Global Economic Crisis of 2008-2009: Sources and Roots

Voprosy Ekonomiki ◽

10.32609/0042-8736-2009-11-18-31 ◽

2009 ◽

pp. 18-31

Author(s):

G. Rapoport ◽

A. Guerts

Keyword(s):

Oil And Gas ◽

Trade Deficit ◽

Developed Countries ◽

The Other ◽

Energy Resources ◽

Market Mechanisms ◽

Production Output ◽

The One ◽

To Receive ◽

Partial Destruction

In the article the global crisis of 2008-2009 is considered as superposition of a few regional crises that occurred simultaneously but for different reasons. However, they have something in common: developed countries tend to maintain a strong level of social security without increasing the real production output. On the one hand, this policy has resulted in trade deficit and partial destruction of market mechanisms. On the other hand, it has clashed with the desire of several oil and gas exporting countries to receive an exclusive price for their energy resources.

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Reviewing the Development of Rural Finance in Vietnam

Journal of Economics and Development ◽

10.33301/2013.15.01.06 ◽

2013 ◽

pp. 121-136

Author(s):

Duong Pham Bao

Keyword(s):

Low Income ◽

Financial System ◽

Low Income Countries ◽

Supply Side ◽

New Paradigm ◽

Rural Finance ◽

Market Mechanisms ◽

Rural Credit ◽

Rural Organizations ◽

Doi Moi

The objective of this article is to review the development of the rural financial system in Vietnam in recent years, especially, after Doi moi. There are two opposite schools of thought in the literature on rural credit policies in developing countries. One is the conventional supply-side (government-led) approach while the other is called “a new paradigm” that emphasizes the importance of the viability of financial providers and the well functioning of rural credit markets. Conventional theories of rural finance contend that rural finance in low-income countries is generally accompanied by many failures. Contrary to these theories, rural finance in Vietnam does not encounter the above-mentioned failures so far. Up to the present time, it is progressing well. Using a supply-side approach, methodologically, this study reviews the development of the rural financial system in Vietnam. The significance of this study is to challenge the extreme view of dichotomizing between the old and the new credit paradigms. Analysis in this study contends that a rural financial market that, (1) is initiated and spurred by government; (2) operates principally under market mechanisms; and (3) is strongly supported by rural organizations (semi-formal/informal institutions) can progress stably and well. Therefore, the extremely dichotomizing approach must be avoided.

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