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A Study of the Bidding Strategy in a Special Trade
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O173

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    Abstract:

    In some markets , the volume of business and price security are determined entirely by the bidding curves of buyers and sellers. In this situation , an everyday problem facing the buyer is how to make his good bidding strategy when the seller' s plan is unknown in order to purchase a certain number of commodities at proper prices. In this paper ,a simple mathematical model is established in view of this problem with the result that some necessary characteristics for a good bidding curve can be obtained.

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  • Received:
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  • Online: November 19,2015
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