The Impact of Buyer-seller Matching on Offer Flow Equilibrium in an Online Auction Website Model Cover Image

Dobór par sprzedawca-kupujący a równowaga ofert w symulacyjnym modelu serwisu aukcyjnego
The Impact of Buyer-seller Matching on Offer Flow Equilibrium in an Online Auction Website Model

Author(s): Jacek Wołoszyn, Paweł Wołoszyn
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Krakowie
Keywords: online auction; agent-based simulation; e-commerce models

Summary/Abstract: Internet auctioning is becoming more and more popular among Polish customers who prefer centralised markets where all offers can be easily compared by price, which is impossible with pure auctions. An increasing number of sales are therefore utilising different selling mechanisms that are essentially the equivalent of online shopping. There may also be another reason for the growing popularity of this kind of sale: supply and demand are better balanced than in bidding mechanisms. This issue has become important for sellers seeking to satisfy all of their potential customers. Computer simulations reveal similar problems with satisfying every customer’s expectations as well as with sharing limited resources in a multitasking computer environment. Conclusions indicate that the bidding mechanism is not an efficient way to pair buyers and sellers and that it does not balance supply and demand even if a state of equilibrium is possible.

  • Issue Year: 873/2011
  • Issue No: 05
  • Page Range: 109-119
  • Page Count: 11
  • Language: Polish