Download or read book An Integrated Model for Whether Who When and How Much in Internet Auctions written by Young-Hoon Park and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a general parametric modeling framework for bidding behavior in Internet auctions. Toward this end, we incorporate and model simultaneously four key components of the bidding process under our integrated framework: Whether an auction will have a bid at all, (if so) who has bid, when they have bid, and how much they have bid over the entire sequence of bids in an auction. This integrated framework is based on a single latent time-varying construct of consumer willingness to bid (WTB), which bidders have and update for a particular auction item over the course of the auction duration. Our modeling approach is also based on a simple yet very general bidding premise: The observed bidder's latent WTB at a specific bid is greater than the outstanding bid; yet, WTB is unconstrained for all other potential bidders. In this manner, we impose no structural assumption on bidder rationality or equilibrium behavior; instead, deriving our model using a probabilistic modeling paradigm. We describe in detail the advantages that our reducted-form approach allows us, and the limitations such an approach also entails. Using a database of notebook auctions from one of the largest Internet auction sites in Korea, we demonstrate that this general (yet parsimonious) model captures the key behavioral aspects of bidding behavior. Furthermore, substantively, through a data-windowing procedure to assess the set of potential bidders for a given auctioned item, we provide a valuable tool for managers at auction sites to conduct their customer relationship management efforts which require them to evaluate the goodness (whether) of the listed auction items and the goodness (who, when, and how much to bid) of the potential bidders in their Internet auctions.
Download or read book Modeling Online Auctions written by Wolfgang Jank and published by John Wiley & Sons. This book was released on 2010-12-01 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore cutting-edge statistical methodologies for collecting, analyzing, and modeling online auction data Online auctions are an increasingly important marketplace, as the new mechanisms and formats underlying these auctions have enabled the capturing and recording of large amounts of bidding data that are used to make important business decisions. As a result, new statistical ideas and innovation are needed to understand bidders, sellers, and prices. Combining methodologies from the fields of statistics, data mining, information systems, and economics, Modeling Online Auctions introduces a new approach to identifying obstacles and asking new questions using online auction data. The authors draw upon their extensive experience to introduce the latest methods for extracting new knowledge from online auction data. Rather than approach the topic from the traditional game-theoretic perspective, the book treats the online auction mechanism as a data generator, outlining methods to collect, explore, model, and forecast data. Topics covered include: Data collection methods for online auctions and related issues that arise in drawing data samples from a Web site Models for bidder and bid arrivals, treating the different approaches for exploring bidder-seller networks Data exploration, such as integration of time series and cross-sectional information; curve clustering; semi-continuous data structures; and data hierarchies The use of functional regression as well as functional differential equation models, spatial models, and stochastic models for capturing relationships in auction data Specialized methods and models for forecasting auction prices and their applications in automated bidding decision rule systems Throughout the book, R and MATLAB software are used for illustrating the discussed techniques. In addition, a related Web site features many of the book's datasets and R and MATLAB code that allow readers to replicate the analyses and learn new methods to apply to their own research. Modeling Online Auctions is a valuable book for graduate-level courses on data mining and applied regression analysis. It is also a one-of-a-kind reference for researchers in the fields of statistics, information systems, business, and marketing who work with electronic data and are looking for new approaches for understanding online auctions and processes. Visit this book's companion website by clicking here
Download or read book Internet Auctions written by Ernan Haruvy and published by Now Publishers Inc. This book was released on 2010 with total page 87 pages. Available in PDF, EPUB and Kindle. Book excerpt: Internet Auctions reviews recent empirical and theoretical works on internet auctions with a focus on internet auction design, formats, and features that are currently debated in the marketing literature.
Download or read book Handbook of Pricing Research in Marketing written by Vithala R. Rao and published by Edward Elgar Publishing. This book was released on 2009 with total page 617 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pricing is an essential aspect of the marketing mix for brands and products. Further, pricing research in marketing is interdisciplinary, utilizing economic and psychological concepts with special emphasis on measurement and estimation. This unique Handbook provides current knowledge of pricing in a single, authoritative volume and brings together new cutting-edge research by established marketing scholars on a range of topics in the area. The environment in which pricing decisions and transactions are implemented has changed dramatically, mainly due to the advent of the Internet and the practices of advance selling and yield management. Over the years, marketing scholars have incorporated developments in game theory and microeconomics, behavioral decision theory, psychological and social dimensions and newer market mechanisms of auctions in their contributions to pricing research. These chapters, specifically written for this Handbook, cover these various developments and concepts as applied to tackling pricing problems. Academics and doctoral students in marketing and applied economics, as well as pricing-focused business practitioners and consultants, will appreciate the state-of-the-art research herein.
Download or read book Consumer Behavior Organizational Development and Electronic Commerce Emerging Issues for Advancing Modern Socioeconomies written by Khosrow-Pour, D.B.A., Mehdi and published by IGI Global. This book was released on 2008-12-31 with total page 411 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book offers readers a one-stop resource for contemporary issues, developments, and influences in e-commerce"--Provided by publisher.
Download or read book Electronic Government Concepts Methodologies Tools and Applications written by Anttiroiko, Ari-Veikko and published by IGI Global. This book was released on 2008-03-31 with total page 4780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides research on e-government and its implications within the global context. Covers topics such as digital government, electronic justice, government-to-government, information policy, and cyber-infrastructure research and methodologies.
Download or read book Tutorials in Operations Research written by Institute for Operations Research and the Management Sciences. National Meeting and published by INFORMS. This book was released on 2008 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Neural Information Processing written by Tingwen Huang and published by Springer. This book was released on 2012-11-05 with total page 727 pages. Available in PDF, EPUB and Kindle. Book excerpt: The five volume set LNCS 7663, LNCS 7664, LNCS 7665, LNCS 7666 and LNCS 7667 constitutes the proceedings of the 19th International Conference on Neural Information Processing, ICONIP 2012, held in Doha, Qatar, in November 2012. The 423 regular session papers presented were carefully reviewed and selected from numerous submissions. These papers cover all major topics of theoretical research, empirical study and applications of neural information processing research. The 5 volumes represent 5 topical sections containing articles on theoretical analysis, neural modeling, algorithms, applications, as well as simulation and synthesis.
Download or read book Electronic Payment Systems for Competitive Advantage in E Commerce written by Liébana-Cabanillas, Francisco and published by IGI Global. This book was released on 2014-02-28 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent innovations in the field of information technology and communications are radically changing the way international organizations conduct business. In this competitive environment, having the necessary tools to streamline business transactions and secure digital payments is crucial to business success. Electronic Payment Systems for Competitive Advantage in E-Commerce provides relevant theoretical frameworks and the latest empirical findings on electronic payment systems in the digital marketplace. Focusing on the importance of e-commerce in business development, including the advantages and disadvantages of e-payments, this book is an essential resource for business professionals who want to improve their understanding of the strategic role of e-commerce in all dimensions, as well as for both researchers and students.
Download or read book 2008 Tutorials in Operations Research State of the Art Decision Making Tools in the Information Intensive Age written by and published by INFORMS. This book was released on with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On extreme value statistics written by Chen Zhou and published by Rozenberg Publishers. This book was released on 2008 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 18th century, statisticians sometimes worked as consultants to gamblers. In order to answer questions like "If a fair coin is flipped 100 times, what is the probability of getting 60 or more heads?", Abraham de Moivre discovered the so-called "normal curve". Independently, Pierre-Simon Laplace derived the central limit theorem, where the normal distribution acts as the limit for the distribution of the sample mean. Nowadays, statisticians sometimes work as consultants for economists, to whom the normal distribution is far from a satisfactory model. For example, one may need to model large-impact financial events in order to to answer questions like "What is the probability of getting into a crisis period similar to the credit squeeze in 2007 in the coming 10 years?". At first glance, estimating the chances of events that rarely happen or even have never happened before sounds like a "mission impossible". The development of Extreme Value Theory (EVT) shows that it is in fact possible to achieve this goal. Different from the central limit theorem, Extreme Value Theory starts from the limit distribution of the sample maximum. Initiated by M. Frechet, R. Fisher and R. von Mises, the limit theory completed by B. Gnedenko, gave the fundamental assumption in EVT, the "extreme value condition". Statistically, the extreme value condition provides a semi-parametric model for the tails of distribution functions. Therefore it can be applied to evaluate the rare events. On the other hand, since the assumption is rather general and natural, the semi-parametric model can have extensive applications in numerous felds.
Download or read book Mobile Commerce Concepts Methodologies Tools and Applications written by Management Association, Information Resources and published by IGI Global. This book was released on 2017-06-19 with total page 1584 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the era of digital technology, business transactions and partnerships across borders have become easier than ever. As part of this shift in the corporate sphere, managers, executives, and strategists across industries must acclimate themselves with the challenges and opportunities for conducting business. Mobile Commerce: Concepts, Methodologies, Tools, and Applications provides a comprehensive source of advanced academic examinations on the latest innovations and technologies for businesses. Including innovative studies on marketing, mobile commerce security, and wireless handheld devices, this multi-volume book is an ideal source for researchers, scholars, business executives, professionals, and graduate-level students.
Download or read book E Commerce and Web Technologies written by Giuseppe Psailla and published by Springer. This book was released on 2007-08-21 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 8th International Conference on Electronic Commerce and Web Technologies, EC-Web 2007, held in Regensburg, Germany, September 2007 in conjunction with Dexa 2007. It covers recommender systems, business process / design aspects, mobile commerce, security and e-payment, Web services computing / semantic Web, e-negotiation and agent mediated systems, and issues in Web advertising.
Download or read book Agents and Data Mining Interaction written by Longbing Cao and published by Springer. This book was released on 2013-01-23 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the thoroughly refereed post-workshop proceedings of the 8th International Workshop on Agents and Data Mining Interaction, ADMI 2012, held in Valencia, Spain, in June 2012. The 16 revised full papers were carefully reviewed and selected from numerous submissions. The papers are organized in topical sections on agents for data mining, data mining for agents, and agent mining applications.
Download or read book Country Specific Effects of Reputation written by Christopher Schlägel and published by Springer Science & Business Media. This book was released on 2011-03-31 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: Empirical studies show that the reputation of transaction partners affects the economic outcomes of online auction markets. In four studies, Christopher Schlägel investigates the country-specific effects of reputation and the underlying reasons for these differences.
Download or read book JMR Journal of Marketing Research written by and published by . This book was released on 2005 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book E Commerce and Web Technologies written by Giuseppe Psaila and published by Springer. This book was released on 2008-08-25 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Conference on E-commerce and Web Technologies (EC-Web) is a mature and well-established forum for researchers working in the area of electronic commerce and web technologies. These are the proceedings of the ninth conference in the series, which, like previous EC-Web conferences, was co-located with DEXA, the International Conference on Database and Expert Systems Applications, which, this year, took place in Turin, Italy. One key feature of EC-Web is its two-fold nature: it brings together both papers proposing technological solutions for e-commerce and the World Wide Web, and papers concerning the management of e-commerce, such as web marketing, the impact of e-commerce on business processes and organizations, the analysis of case studies, as well as social aspects of e-commerce (to understand the impact of e-commerce solutions on day-to-day life and the new opportunities that these behaviors open). The technical program included 12 reviewed papers and two invited papers. Each paper was reviewed by five reviewers, in order to select only the best quality papers. The program included five sessions: “Security in E-Commerce” (with two papers), “Social Aspects of E-Commerce” (with two papers), “Business Process and EC Inf- structures” (with three papers), “Recommender Systems and E-Negotiations” (with four papers) and “Web Marketing and User Profiling” (with three papers). We found the program interesting and we hope participants and readers feel the same. Furthermore, we hope the attendees enjoyed the conference and Turin. June 2008 Giuseppe Psaila Roland R. Wagner
