The Build-Then-Sell (BTS) is a novel system implemented in Malaysia after a number of complaints have been received from buyers in the preceding Sell-Then-Build (STB) system. When the government announced the implementation of the BTS in 2007, proponents of BTS have asserted that the new system will provide houses with low level of defects. Their argument however is not supported by any empiric...

We investigate whether behavioral biases affect the order submission strategies of investors. We take advantage of a very unique database provided by the Shanghai Stock Exchange, which allows us to track order submissions and executions for every investor, and compare with their trading performance of individual stocks. Consistent with previous studies, we find that investors exhibit dispositio...

Information marketplaces enable entities to buy and sell information; these buying and selling entities can be humans, or automated agents that represent them. In this paper, we introduce a new type of participant into electronic information marketplaces, namely the InfoCenter agent, which can not only buy and sell information, but can also procure and sell manipulated (i.e., processed) informa...

We present a fast and effective bidding strategy for the Trading Agent Competition in Supply Chain Management (TAC SCM). In TAC SCM, manufacturers compete to procure computer parts from suppliers, and then sell assembled computers to customers in reverse auctions. To address the bidding problem, an agent decides how many computers to sell and at what prices to sell them. We propose a greedy sol...