Interactions of Automated Pricing Algorithms: An Experimental Investigation

EC 2000 - Proceedings of the 2nd ACM Conference on Electronic Commerce

Volumn , Issue , 2000, Pages 77-85

  Deck, Cary A ^a   Wilson, Bart J ^a  

^a UNIVERSITY OF ARIZONA   (United States)

Author keywords

automated pricing; experimental economics; Internet posted offer markets

Indexed keywords

AUTOMATION; BEHAVIORAL RESEARCH; COMMERCE;

AUTOMATED ALGORITHMS; AUTOMATED PRICING; COMPOSITE DISTRIBUTIONS; EXPERIMENTAL ECONOMICS; EXPERIMENTAL INVESTIGATIONS; GAME-THEORETIC; HUMAN BEHAVIORS; INTERNET POSTED OFFER MARKET; MATCHINGS; PRICING ALGORITHM;

COSTS;

EID: 0037594598     PISSN: None     EISSN: None     Source Type: Conference Proceeding    
DOI: 10.1145/352871.352880     Document Type: Conference Paper

References (14)

1. Arbatskaya, M., M. Hviid, and G. Shaffer," On the Incidence and Variety of Low-Price Guarantees, " Mimeo, (1999).
2. Davis, D. D. and B. J. Wilson. "Firm-specific Cost Savings and Market Power. " Economic Theory, forthcoming, (2000).
3. Deck, C. A. and B. J. Wilson," Implications for Automating Posted Prices on the Internet, " Working Paper, Economic Science Laboratory, University of Arizona, 2000. Available at: http://w3. econlab. arizona. edu/~bwilson/working_papers. htm.
4. Dixit, A. and B. Nalebuff, Thinking Strategically, W. W. Norten & Company, Inc., New York (1991).
5. Doyle, C.," Different Selling Strategies in Bertrand Oligopoly. " Economics Letters, 28, 387-390 (1988).
6. Greenwald, A., J. Kephart, and G. Tesauro," Strategic Pricebot Dynamics, " In Proceedings of the ACM Conference on Electronic Commerce, (November, 1999).
7. Hodrick R., and E. Prescott," Postwar U. S. Business Cycles: An Empirical Investigation, " Journal of Money, Credit, and Banking, 29, 1-16 (1997).
8. Hviid, M. and G. Shaffer," Hassle-Costs, The Achilles Heel of Price Matching Guarantees, " Journal of Economics and Management Strategy, forthcoming.
9. Kruse, J., S. Rassenti, S. Reynolds, and V. Smith," BertrandEdgeworth Competition in Experimental Markets, " Econometrica, 62, 343-71 (1994).
10. Logan, J. and R. Lutter," Guaranteed Lowest Prices: Do They Facilitate Collusion, " Economics Letters, 31, 189-192 (1989).
11. Png, I. and D. Hirschleifer," Price Discrimination Through Offers to Match Price, " Journal of Business, 60, 365-383 (1987).
12. Salop, S.," Practices that (Credibly) Facilitate Oligopoly Coordination, " In J. Stiglitz and F. Mathewson, eds., New Developments in the Analysis of Market Structure, MIT Press, Cambridge, MA (1986).
13. Tesauro, G.," Pricing in Agent Economies Using Neural Networks and Multi-agent Q-Learning, " In Proceedings of the IJCAI Workshop on Learning About, From and With Other Agents (August, 1999).
14. Varian, H.," A Model of Sales" American Economic Review, 70 (4), 651-659 (September, 1980).