Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

Rings in Auctions

Rings in Auctions

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783540619307
Condition
New
Product Description

In auctions, bidders compete with one another in their attempt to 1 purchase the goods that are up for sale But buyer competition may be reduced or disappear when a ring of colluding bidders is present. The purpose of the participants to a ring is to eliminate buyer competition and to realize a gain over vendors. When all participants are members of the ring, this is done by purchasing the item at the reserve price and splitting the spoils (the difference between the item market value and the reserve price) among the participants. "The term ring apparently derives from the fact that in a settlement sale following the auction, members of the collusive arrangement form a circle or ring to facilitate observation of their trading behavior by the ring leader" (Cassady jr. (1967)). If the coalition members knew other players' values, the problem faced by the ring might be easily solved: the player with the highest value should submit a serious bid and the other members, on the contrary, only phony bids. However, ring participants do not usually know the values of other members. Therefore, ring members have to find out some mechanism which selects the player who has to bid seriously and, eventually, esta blish side payments paid to each of the losers2.

Available Colors
Available Sizes
1 Offer Price Range: $39.99 - $39.99
BEST PRICE

Single Product Purchase

$39.99
@ Link.springer.com     BUY Now

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$39.99 $39.99

$39.99
See Site In stock Visit Store

Similar Products

Perceiving the Divine through the Human Body

$119.99

Service Quality for Facilities Management in Hospitals

$169.99

HIV Vaccines and Cure

$169.99

Recovering Overlooked Pragmatists in Communication

$109.99

Enforcement and Effectiveness of Consumer Law

$379.99

New Computation Methods for Geometrical Optics

$109.99

Der Geburteneinbruch in Ostdeutschland nach 1990

$59.99

Concise Guide to Heat Exchanger Network Design

$39.99

Plant Cryopreservation: A Practical Guide

$169.99

The Semantic Web - ISWC 2013

$39.99

Applications of Electronic Structure Theory

$39.99

Principles of String Theory

$39.99

Adaptive Discontinuous Galerkin Methods for Non-linear Reactive Flows

$54.99

Childhood and Parenting in Transnational Settings

$84.99

Exciting Interdisciplinary Physics

$109.99

Der wirtschaftliche hintergrund des Weltkriegs

$44.99

Der Sensitive Beziehungswahn

$79.99

Multiscale Optimization Methods and Applications

$109.99

Punctuation for Now

$54.99

Ergebnisse der Chirurgie und Orthopdie

$44.99

Der digitale Gutenberg

$69.99

Northern Irish Poetry and the Russian Turn

$54.99

Adhesives Technology Compendium 2019

$27.99

Italian Psychology and Jewish Emigration under Fascism

$54.99

Mechanisms of Lymphocyte Activation and Immune Regulation VIII

$84.99

George Meredith

$99.99

Childhood and Markets

$69.99

Visual Computing

$84.99

Photographic Atlas of Reconstructive Arterial Surgery

$109.99

Computer-Enhanced Analytical Spectroscopy

$54.99

Let's Find Out: My Rebus Reader Box 2 - Multiple Copy Set

$99.00

Stromsensor mit zirkularem Polarisator und Regelkreis

$17.99

Technology Transfer and Economic Growth in Sub-Sahara African Countries

$109.99

The Ontogenesis of Cortical Circuitry: The Spatial Distribution of Synapses in Somesthetic Cortex of

$54.99

Deformable Avatars

$129.00

Water-soluble Vitamin Assays in Human Nutrition

$54.99

Island Thinking

$39.99

Acid Rain - Deposition to Recovery

$169.99

Signals and Systems

$109.99

Politische Soziologie

$74.99