A Probabilistic Price Mechanism Design for Online Auction
Jie Zhang1,2; Linjing Li1; Fei-Yue Wang1,3
2016-06
Conference NameIEEE International Conference on Systems, Man, and Cybernetics
Source PublicationProceedings of IEEE International Conference on Systems, Man, and Cybernetics
Conference Date2016-10-13
Conference PlaceBudapest
Abstract
Recently, there is a rapid growth of the online auctions in e-commerce
  platforms, in which small and medium-sized enterprises (SMEs) heavily depend
  on the advertising systems. We need to design flexible price mechanisms to
  reduce the competition of SMEs without affecting competitive large companies.
  In this paper, a probabilistic price mechanism design approach is investigated
  for online auctions. Utilizing this approach, we first introduce simple
  mechanisms as a tool for designing new mechanisms. Based on a simple and a
  classical mechanism probabilistic price mechanisms are designed for online
  auctions and their properties are analysed. Furthermore, two mechanism design
  algorithms are suggested for different online auction scenarios. Experiments
  are presented to demonstrate the flexibility and the effictiveness of the
  proposed probabilistic mechanism design approach.
KeywordMechanism Design Online Auctions Probabilistic Mechanism Computational Experiments E-commerce
Indexed ByEI
Document Type会议论文
Identifierhttp://ir.ia.ac.cn/handle/173211/12458
Collection复杂系统管理与控制国家重点实验室_互联网大数据与信息安全
Corresponding AuthorFei-Yue Wang
Affiliation1.The State Key Lab of Management and Control for Complex Systems, Institute of Automation, Chinese Academy of Sciences
2.Qingdao Academy of Intelligent Industries
3.The Research Center for Military Computational Experiments and Parallel Systems Technology, National University of Defense Technology
Recommended Citation
GB/T 7714
Jie Zhang,Linjing Li,Fei-Yue Wang. A Probabilistic Price Mechanism Design for Online Auction[C],2016.
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