Quantum English auctions

Edward Piotrowski () and Jan Sladkowski ()

Physica A: Statistical Mechanics and its Applications, 2003, vol. 318, issue 3, 505-515

Abstract: We continue the analysis of quantum-like description of markets and economics. The approach has roots in the recently developed quantum game theory and quantum computing. The present paper is devoted to quantum English auction which we consider as a special class of quantum market games. The approach allows to calculate profit intensities for various possible strategies.

Keywords: Quantum games; Quantum strategies; Econophysics; Financial markets (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:318:y:2003:i:3:p:505-515

DOI: 10.1016/S0378-4371(02)01533-9

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