Title :
The game analysis for e-commerce based on the third-party new rule
Author :
Huixia, Zou ; Dengkui, Sun
Author_Institution :
Econ. & Manage. Sch., Wuhan Univ., Wuhan, China
Abstract :
Under the natural condition there are only sellers and buyers, this paper uses game theory to prove that the development of e-commerce is impossible because of missing information about their trading counterparties, which is well resolved with the introduction of third-party to e-commerce. Based on those discussions, this paper tries to propose new rule - Punishment and Compensation Mechanism based on third-party e-commerce. Through model building and solving, this new rule is elaborated in detail and proved to be a good way that can motivate traders to choose the good faith transactions.
Keywords :
electronic commerce; game theory; compensation mechanism; e-commerce; game analysis; game theory; model building; model solving; punishment mechanism; third-party new rule; trading counterparties; Costs; Game theory; Internet; Nash equilibrium; Psychology; Sociology; Sun; Nash equilibrium; Punishment and Compensation Mechanism; e-commerce; parameter discussion;
Conference_Titel :
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-5263-7
Electronic_ISBN :
978-1-4244-5265-1
DOI :
10.1109/ICIME.2010.5477503