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Agent-Based Simulation of C2C Internet Auctions with Online Escrow

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  • Zhangxi Lin, S. Ramanathan, and Balakrishna Kandula
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    Abstract

    Online Escrow is emerging as an effective services to secure online trades in C2C Internet auctions. An online escrow service provider acts as a middle man in the exchange of goods and payment to protect tradersÌ benefit from Internet fraud. The ongoing research presented in this paper is to develop an agent-based distributed experimental system to simulate the online C2C auctions with online escrow. As a methodological exploration, the project is to verify whether software agents could replace human subjects for e-commerce experiments, with the parameters calibrated from the latter.

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    Bibliographic Info

    Paper provided by Society for Computational Economics in its series Computing in Economics and Finance 2001 with number 268.

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    Date of creation: 01 Apr 2001
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    Handle: RePEc:sce:scecf1:268

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    Web page: http://www.econometricsociety.org/conference/SCE2001/SCE2001.html
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    Related research

    Keywords: online escrow; intelligent agent; C2C e-commerce; auction simulation;

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