In an economic market, sellers, infomediaries and customers constitute an economic network. Each seller has her own customer group and the seller's private customers are unobservable to other sellers. Therefore, a seller can only sell commodities among her own customers unless other sellers or infomediaries share her sale information to their customer groups. However, a seller is not incentivized to share others' sale information by default, which leads to inefficient resource allocation and limited revenue for the sale. To tackle this problem, we develop a novel mechanism called customer sharing mechanism (CSM) which incentivizes all sellers to share each other's sale information to their private customer groups. Furthermore, CSM also incentivizes all customers to truthfully participate in the sale. In the end, CSM not only allocates the commodities efficiently but also optimizes the seller's revenue.
机构:
Univ N Carolina, Dept Stat & Operat Res, Chapel Hill, NC 27599 USA
Univ N Carolina, Sch Data Sci & Soc, Chapel Hill, NC 27599 USAUniv N Carolina, Dept Stat & Operat Res, Chapel Hill, NC 27599 USA
Budhiraja, Amarjit
Conroy, Michael
论文数: 0引用数: 0
h-index: 0
机构:
Clemson Univ, Sch Math & Stat Sci, Clemson, SC 29634 USAUniv N Carolina, Dept Stat & Operat Res, Chapel Hill, NC 27599 USA
Conroy, Michael
Johnson, Dane
论文数: 0引用数: 0
h-index: 0
机构:
Elon Univ, Dept Math & Stat, Elon, NC 27244 USAUniv N Carolina, Dept Stat & Operat Res, Chapel Hill, NC 27599 USA