Selling Electronic Products using Auction Mechanism in Metaverse

The emergence of the Metaverse has introduced new paradigms for commerce, including electronic product selling. This paper utilizes a game theoretic approach to analyze the dynamics of electronic product selling in the Metaverse. Through strategic interaction and decision-making among players, including consumers, sellers, and platform providers, this research explores various scenarios, equilibrium outcomes, and potential strategies for maximizing utility and profit in the virtual marketplace.

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Publication Details

Published
2024-10-25
DOI
https://doi.org/10.1109/gccit63234.2024.10862206
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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Selling Electronic Products using Auction Mechanism in Metaverse

Anjan Bandyopadhyay, Sujata Swain, D. Banerjee, Mahendra Kumar Gourisaria et al.
Blockchain Technology Applications and Security
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Selling Electronic Products using Auction Mechanism in Metaverse

Anjan Bandyopadhyay, Sujata Swain, D. Banerjee, Mahendra Kumar Gourisaria, Santanu Paul, Tonmoy Ghosh
article en

Abstract

The emergence of the Metaverse has introduced new paradigms for commerce, including electronic product selling. This paper utilizes a game theoretic approach to analyze the dynamics of electronic product selling in the Metaverse. Through strategic interaction and decision-making among players, including consumers, sellers, and platform providers, this research explores various scenarios, equilibrium outcomes, and potential strategies for maximizing utility and profit in the virtual marketplace.

KIIT University (IN)
Decent work and economic growth
Openalex Percentile: Top 57%
Blockchain Technology Applications and Security
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