TY - GEN
T1 - Price dispersion in C2C market based on multi-agent modeling and simulation
AU - Yin, Qiuju
AU - Min, Lihui
AU - Miao, Peng
PY - 2009
Y1 - 2009
N2 - Price dispersion is an indication about the efficiency of market. An evolution model of price dispersion (EMPD) is put forward in order to research the efficiency of C2C e-business market. By concluding the influence factors of price dispersion and analyzing the trade behavior in C2C e-business market, four representative factors that are business number, business credit, customer type and transfer cost are chosen as research object. On the basis of these four influence factors, EMPD is established by using multi-agent method and Repast simulation platform is utilized to simulate the model. Three functions are established in EMPD from the view of business which is relate to expected sales, pricing and sending probability of inferior while two functions from the view of customer which is related to transfer cost and purchase. At last, the method and thought of simulation are discussed for the preparation of the next simulations.
AB - Price dispersion is an indication about the efficiency of market. An evolution model of price dispersion (EMPD) is put forward in order to research the efficiency of C2C e-business market. By concluding the influence factors of price dispersion and analyzing the trade behavior in C2C e-business market, four representative factors that are business number, business credit, customer type and transfer cost are chosen as research object. On the basis of these four influence factors, EMPD is established by using multi-agent method and Repast simulation platform is utilized to simulate the model. Three functions are established in EMPD from the view of business which is relate to expected sales, pricing and sending probability of inferior while two functions from the view of customer which is related to transfer cost and purchase. At last, the method and thought of simulation are discussed for the preparation of the next simulations.
KW - C2C
KW - Multi-agent
KW - Price dispersion
KW - Repast
UR - https://www.scopus.com/pages/publications/77950971422
U2 - 10.1109/ICEBE.2009.55
DO - 10.1109/ICEBE.2009.55
M3 - Conference contribution
AN - SCOPUS:77950971422
SN - 9780769538426
T3 - Proceedings - IEEE International Conference on e-Business Engineering, ICEBE 2009; IEEE Int. Workshops - AiR 2009; SOAIC 2009; SOKMBI 2009; ASOC 2009
SP - 351
EP - 355
BT - Proceedings - IEEE International Conference on e-Business Engineering, ICEBE 2009; IEEE Int. Workshops - AiR 2009; SOAIC 2009; SOKMBI 2009; ASOC 2009
T2 - IEEE International Conference on e-Business Engineering, ICEBE 2009; IEEE Int. Workshops - AiR 2009; SOAIC 2009; SOKMBI 2009; ASOC 2009
Y2 - 21 October 2009 through 23 October 2009
ER -