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Capacity and entry issues in online exchanges |
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| Authors: | Subhajyoti Bandyopadhyay John M Barron Alok R Chaturvedi |
| Institution: | 1. Warrington School of Business, University of Florida, Gainesville, FL 32611, United States;2. Department of Economics, Krannert Graduate School of Management, Purdue University, West Lafayette, IN 37907, United States;3. Department of MIS, Krannert Graduate School of Management, Purdue University, West Lafayette, IN 37907, United States |
| Abstract: | With the advent of open standards and Internet technologies, the number of sellers who can participate in online exchanges is greatly increased. We model the competition between identical sellers vying for the same business, and find that there exists a mixed-strategy equilibrium in prices. The results help us understand the dynamics between a seller’s capacity and his motivation to participate in an auction. |
| Keywords: | Auctions Economics Game theory Online exchanges Supplier competition |
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