The article includes a logit model construction process to support the process of decision making in real estate market. The model of logistic regression which has been elaborated, shall define the probability of transactions in the real estate market and it will indicate statistic variables...

We consider a model of preference in an asymmetric procurement auction with two suppliers. The buyer can award the contract to a preferred supplier at the bid of a competing supplier. As such, the preferred supplier has a right-of-first-refusal. The preferred supplier may be an independent firm...

The paper overviews the current marketing system in crop markets in Sudan; introduces the concept of crop auction markets in a Sudanese context and searches for reasons why these transaction systems are not widely adopted in its agricultural markets. The paper examines the probable role and...

This paper aims to contribute to the study of auction design within the domain of agent-based computational economics. In particular, we investigate the efficiency of different auction mechanisms in a bounded-rationality setting where heterogeneous artificial agents learn to compete for the...

This study of operations and services was requested by the Equity Cooperative Livestock Sales Association of Baraboo, Wisconsin. It appraises nearly 20 years of operations following a transition from terminal market and private treaty selling to auction markets. Goal setting, consolidation or...

We propose an agent-based computational model to investigate sequential Dutch auctions with particular emphasis on markets for perishable goods and we take as an example wholesale fish markets. Buyers in these markets sell the fish they purchase on a retail market. The paper provides an original...

Power systems have distinctive features that greatly complicate the development of auction designs. This study reviews the theory and practice of auction design as it relates specifically to U.S. restructured wholesale power markets, i.e., centrally-administered wholesale power markets with...