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The advance of business-to-business commerce has result in the establishment of many types of electronic marketplace. This paper focuses on a market exchange as the "secondary market" for the perishable goods-that is, for the resellers to disposal and acquisition of excess perishable goods inventory. Follow the method of Lee and Whang(2002) and Yan(2005), we develop a model of secondary...
Electronic marketplaces represent new places where supply and demand aggregate and negotiations take place. New opportunities and rapidly changing environment of electronic marketplaces lead to the need of more sophisticated negotiations to support various trades. Automated negotiation is one of the most popular and promising technologies to perform such task and will be a vital part of electronic...
The efficiency of a market critically depends on the amount and the nature of information-about products-available to sellers and buyers. The electronic marketplace, however, will not be such a blindingly efficient market because of the cyber 'lemons' problem resulting form the asymmetry of information. But, it's a pity that we merely idolize the convenient such as the products customization or personalization...
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