19 search results - page 2 / 4 » Proportional response dynamics leads to market equilibrium |
ALGORITHMICA
2010
13 years 5 months ago
2010
We study the equilibrium behavior of informed traders interacting with market scoring rule (MSR) market makers. One attractive feature of MSR is that it is myopically incentive com...
CORR
2006
Springer
13 years 5 months ago
2006
Springer
We present a simple dynamic equilibrium model for an online exchange where both buyers and sellers arrive according to a exogenously defined stochastic process. The structure of t...
SIAMCO
2002
13 years 4 months ago
2002
We consider a market model with one riskfree and one risky asset, in which the dynamics of the risky asset is governed by a geometric Brownian motion. In this market we consider a...
WWW
2007
ACM
14 years 6 months ago
2007
ACM
We consider the problem of online keyword advertising auctions among multiple bidders with limited budgets, and study a natural bidding heuristic in which advertisers attempt to o...
HICSS
2009
IEEE
14 years 3 days ago
2009
IEEE
In this research, we use a game-theoretic model to examine personalization of information in a twodimensional product differentiation model, when consumers attach importance to ...