Matching algorithm of the auctions on Ebay
This paper explores eBay auction properties that match buyers and sellers and generates millions of sales every month. eBay’s auction is now a well known mechanism designed to make buyers and sellers feel comfortable doing business without meeting each other. In a theoretical point of view, the curr...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE
2011-08-01
|
| Series: | Ho Chi Minh City Open University Journal of Science - Economics and Business Administration |
| Online Access: | https://journalofscience.ou.edu.vn/index.php/econ-en/article/view/113 |
| Summary: | This paper explores eBay auction properties that match buyers and sellers and generates millions of sales every month. eBay’s auction is now a well known mechanism designed to make buyers and sellers feel comfortable doing business without meeting each other. In a theoretical point of view, the current matching algorithm has not solved the online auction problems because the main conditions of agents’ preferences do not satisfy when bidders are unobservable and a set of bidders is not identified. Therefore, we construct a new simplified model of matching with a given object for sale to form a seller-bidder pair to overcome the online auction issues. Specially, our model may extend for the matching mechanism of the job market. |
|---|---|
| ISSN: | 2734-9314 2734-9586 |