When buyers worry that sellers may not remain in the market long enough to fulfill all contractual obligations, they may be unwilling to purchase and a market failure can result. Bank deposits and pension benefits are examples of contracts for which buyers might lose confidence in sellers, making these markets “fragile.” This paper studies market fragility created by both fundamental (i.e., cos...

This paper considers an asset market subject to search frictions, where there are adjustment costs to the entry rate of buyers. An implication is that even in asset markets where the search frictions are very small, asset prices respond to changes in liquidity. Another implication is that asset liquidity is a state variable, the dynamics of which are analyzed. I demonstrate that transition path...

in the explosive growth of business to business (b2b) electronic trades, electronic markets have received a great deal of attention recently. the obtained profit of trading in e-b2b market encourage market participants to remain in the market. market participants consist of: sellers, buyers, and market owner. in this paper the expected profit function for each market participant has been define...

Using matched survey and transaction data on 1,500 buyers, we investigate how different types of search and purchasing behavior affect transaction prices in auto retailing. Our results are consistent with the predictions of information economics and bargaining theory. Buyers pay less if they obtain an offer from a competing dealer (0.6% of purchase price), if they are informed about the specifi...

Cloud computing is a service model enabling resources limited mobile devices to remotely execute tasks on the clouds. The Mobile Agent is a software program on behalf of the software installed in the mobile device to negotiate with other mobile agents in the clouds, which provides a diversity of automated negotiation based applications in Mobile Commences. However, the negotiation plans carried...

Two-sided exchange networks (such as eBay) often advertise their number of users, presumably to encourage further participation. However, these networks differ markedly on how they advertise their user base. Some highlight the number of sellers, some emphasize the number of buyers, and others disclose both. We use field experiment data from a business-to-business web site to examine the efficac...

Designing a Causal Model of Buyers' Orientation in the Decision-Making Process According to Ethical Factors

This paper is about distributed scheduling where individual agents have potentially conflicting interests. It is motivated by BT’s workforce scheduling problem, where multiple service providers have to serve multiple service buyers. The service providers and buyers all attempt to maximize their own utility. The overall problem is a multi-objective optimization problem; for example, one has to m...

A power market is a special kind of e-markets. In a power market, all trading processes are related to three parties: buyers, suppliers and brokers. A broker acts as middlemen between buyers and suppliers in a trading process. In a power market, how to select a potential supplier for a buyer through a broker based on the buyer's requirements is a challenging research problem. This paper propose...