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Agent-Based Simulation of C2C Internet Auctions with Online Escrow

Zhangxi Lin, S. Ramanathan, and Balakrishna Kandula

No 268, Computing in Economics and Finance 2001 from Society for Computational Economics

Abstract: Online Escrow is emerging as an effective services to secure online trades in C2C Internet auctions. An online escrow service provider acts as a middle man in the exchange of goods and payment to protect tradersÌ benefit from Internet fraud. The ongoing research presented in this paper is to develop an agent-based distributed experimental system to simulate the online C2C auctions with online escrow. As a methodological exploration, the project is to verify whether software agents could replace human subjects for e-commerce experiments, with the parameters calibrated from the latter.

Keywords: online escrow; intelligent agent; C2C e-commerce; auction simulation (search for similar items in EconPapers)
JEL-codes: C7 C9 D44 (search for similar items in EconPapers)
Date: 2001-04-01
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