Abstract
Coalitions, which allow traders to form teams in e-markets, can sometimes accomplish things more efficiently than individuals. Concepts and algorithms for coalition formation have drawn much attention from academics and practitioners. However, most of coalitions are unstable and fall apart easily. The core has become a popular solution, because it provides a way to find stable sets. However its problems hinder researchers from applying it to a real world market. This paper proposes a core-based group-trading model, which involves bundle selling of goods, offering amount discount in group-buying in e-markets. Its outcome is compared with a traditional market under the scenario of a travel agent and is evaluated in terms of five criteria: the use of distributed computing, the degree of computational complexity, incentive compatibility, efficiency and effectiveness.
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Sun, PC. (2014). An Internet Core-Based Group-Trading Model. In: Ali, M., Pan, JS., Chen, SM., Horng, MF. (eds) Modern Advances in Applied Intelligence. IEA/AIE 2014. Lecture Notes in Computer Science(), vol 8482. Springer, Cham. https://doi.org/10.1007/978-3-319-07467-2_50
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DOI: https://doi.org/10.1007/978-3-319-07467-2_50
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