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Monte Carlo simulation for the auctions revenue estimation
Článek! Pro signaturu klikni na odkaz In Main entry-name Kuncová, Martina, 1974- (author) Title statement Monte Carlo simulation for the auctions revenue estimation / Martina Kuncová, Kristýna Ondráčková Another responsib. Ondráčková, Kristýna (author)
Phys.des. 2 grafy, 3 tabulky Dostupné též v elektronické podobě In Hradecké ekonomické dny. Hradec Economic Days. - S. 31-38 (tištěný sborník), s. 486-493 (online zdroj) Subj. Headings aukce ekonomicko-matematické modely simulační modely metoda Monte Carlo pravděpodobnostní metody Form, Genre články ze sborníku Annotation Auctions belong to the popular forms of selling and buying when the final price is not known. Every auction has its own rules for the prices determination. The so called English auction is one of the frequently used types of auctions. It is known as an open ascending price auction and it is typical for the trading with the antiques and objects of art. For the auction mart it is good to know the estimation of the revenues. In this article the process of the revenue estimation using Monte Carlo simulation is described. The model is based on the selection of the probability distribution of the coefficient that determines the increase of the starting price into the selling price. The probability distributions were estimated according to the historical data via 3 methods and the revenues of the selected goods were computed and compared with real ones. Conspect 33 - Ekonomie Country Česko Language English URL http://fim2.uhk.cz/hed/data/proceedings_2016_1.pdf Database Articles References - Source document 
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