A Simulation-Based Model for Final Price Prediction in Online Auctions
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References listed on IDEAS
- McAfee, R Preston & McMillan, John, 1987. "Auctions and Bidding," Journal of Economic Literature, American Economic Association, vol. 25(2), pages 699-738, June.
More about this item
KeywordsMarkov process; simulation; e-commerce; auction; final price prediction;
- C15 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Statistical Simulation Methods: General
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
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