Descending auction model using mari considering the consumer market

10 pages•Published: September 26, 2019

Abstract

Japanese flower markets employ a descending auction with special rule called “mari”. In the descending auction, seller offers an initial price which is enough high. The auction decrease the price when a buyer stops. Then the auction decides the buyer as a winner and allocates the item to the buyer. The mari is a transaction spped up rule, which the buyers without the winner choose to join a coalition for buying the items as the winner’s price. Our study extend this model to widely market including consumer transaction. We evaluate our proposed model by simulations. The result shows that our model reduce the number of auctions compered with the previous model.

Keyphrases: decision making, descending auction, japanese flower market

In: Quan Yuan, Yan Shi, Les Miller, Gordon Lee, Gongzhu Hu and Takaaki Goto (editors). Proceedings of 32nd International Conference on Computer Applications in Industry and Engineering, vol 63, pages 150-159.

Links:	https://easychair.org/publications/paper/ZgBX
	https://doi.org/10.29007/qx7s

BibTeX entry

@inproceedings{CAINE2019:Descending_auction_model_using,
  author    = {Tomoki Morimoto and Satoshi Takahashi},
  title     = {Descending auction model using mari considering the consumer market},
  booktitle = {Proceedings of 32nd International Conference on Computer Applications in Industry and Engineering},
  editor    = {Quan Yuan and Yan Shi and Les Miller and Gordon Lee and Gongzhu Hu and Takaaki Goto},
  series    = {EPiC Series in Computing},
  volume    = {63},
  publisher = {EasyChair},
  bibsource = {EasyChair, https://easychair.org},
  issn      = {2398-7340},
  url       = {/publications/paper/ZgBX},
  doi       = {10.29007/qx7s},
  pages     = {150-159},
  year      = {2019}}

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