Procurement models in the agricultural supply chain: A case study of online coffee auctions in India
Electronic Commerce Research and Applications
Meta-learning optimal parameter values in non-stationary environments
Knowledge-Based Systems
Learning bidding strategies with autonomous agents in environments with unstable equilibrium
Decision Support Systems
A model on location-based service as infomediary
Proceedings of the 14th Annual International Conference on Electronic Commerce
Fostering Networked Business Operations: A Framework for B2B Electronic Intermediary Development
International Journal of Intelligent Information Technologies
Cost escalation in information technology outsourcing: A moderated mediation study
Decision Support Systems
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With the advent of the Internet, and the minimal information technology requirements of a trading partner to join an exchange, the number of sellers who can qualify and participate in online exchanges is greatly increased. We model the competition between two sellers with different unit costs and production capacities responding to a buyer demand. The resulting mixed-strategy equilibrium shows that one of the sellers has a normal high price with random sales, while the other seller continuously randomizes its prices. It also brings out the inherent advantages that sellers with lower marginal costs or higher capacities have in joining these exchanges, and provides a theoretical basis for understanding the relative advantages of various types of sellers in such exchanges.