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An approach to efficient trading model of hybrid traders based on volume discount

  • Satoshi Takahashi
  • , Tokuro Matsuo

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

This paper proposes a new cooperation business model in which hybrid traders exist. We define hybrid traders as new traders on the Internet. Hybrid traders can become both buyers and sellers. We assume that hybrid traders do not have enough money. To buy items cheaply, hybrid traders cooperate with other traders. In regard to buying items, we consider a volume discount-based trading. We propose a mechanism in which trader cooperates, buys in a lot of goods, and increases own utility. Our mechanism adopts side payment to promote increasingly cooperation with traders. Cooperative traders commit participation based on a value of side payment. We extend mechanism which hybrid traders deal with multiple items. This mechanism shows new decision of side payment and proposer's strategy.

Original languageEnglish
Title of host publicationNew Challenges in Applied Intelligence Technologies
EditorsRadoslaw Katarzyniak
Pages45-54
Number of pages10
DOIs
Publication statusPublished - 2008
Externally publishedYes

Publication series

NameStudies in Computational Intelligence
Volume134
ISSN (Print)1860-949X

All Science Journal Classification (ASJC) codes

  • Artificial Intelligence

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