TY - CHAP
T1 - An approach to efficient trading model of hybrid traders based on volume discount
AU - Takahashi, Satoshi
AU - Matsuo, Tokuro
PY - 2008
Y1 - 2008
N2 - 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.
AB - 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.
UR - https://www.scopus.com/pages/publications/45949101844
UR - https://www.scopus.com/pages/publications/45949101844#tab=citedBy
U2 - 10.1007/978-3-540-79355-7_5
DO - 10.1007/978-3-540-79355-7_5
M3 - Chapter
AN - SCOPUS:45949101844
SN - 9783540793540
T3 - Studies in Computational Intelligence
SP - 45
EP - 54
BT - New Challenges in Applied Intelligence Technologies
A2 - Katarzyniak, Radoslaw
ER -