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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

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.

Suggested Citation

  • Zhangxi Lin, S. Ramanathan, and Balakrishna Kandula, 2001. "Agent-Based Simulation of C2C Internet Auctions with Online Escrow," Computing in Economics and Finance 2001 268, Society for Computational Economics.
    • Handle: RePEc:sce:scecf1:268
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    More about this item

    Keywords

    online escrow; intelligent agent; C2C e-commerce; auction simulation;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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