Download or read book Behavioral Economics of Internet Auctions written by Jens-Martin Bramsen and published by . This book was released on 2008 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Adaptive Bidding in Single Sided Auctions under Uncertainty written by Clemens van Dinther and published by Springer Science & Business Media. This book was released on 2007-01-10 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is one of the first books on the use of software agents to simulate bidding behavior in electronic auctions. It introduces market theory and computational economics together, and gives an overview on the most common and up-to-date agent-based simulation methods. The book will help the reader learn more about simulations in economics in general and common agent-based methods and tools in particular.
Download or read book Snipers Shills Sharks written by Kenneth Steiglitz and published by Princeton University Press. This book was released on 2007-04 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Publisher description
Download or read book The Economics of the Internet and E commerce written by Michael R. Baye and published by Elsevier. This book was released on 2002-10-31 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first six chapters of the text examine four broad issues: the role of the Internet in fostering competition, its impact on price dispersion and on business-to-business transactions, and the importance of reputation and trust in the new economy. The last four chapters examine the impact of the Internet on the organization of firms, the efficiency of auctions in the Internet age, how consumers choose websites and acquire product information, and the growing problem of congestion on the Internet.
Download or read book Posted Price Offers in Internet Auction Markets written by Stefan Seifert and published by Springer Science & Business Media. This book was released on 2006-09-25 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Applying a Market Engineering approach, this book introduces a model of an auction with a posted price offer, and investigates the characteristics of such mechanisms. It discusses the respective equilibrium strategies of sellers and the bidders, providing useful insight into actual behavior. The theoretic results are compared with strategies of students in a controlled experiment. The experimental observations expose shortcomings of standard economic theories and help to further improve electronic markets.
Download or read book Game Theory Bargaining and Auction Strategies written by Gregor Berz and published by Springer. This book was released on 2016-04-30 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text bridges the gulf between theoretical economic principles of negotiation and auction theory and their multifaceted applications in actual practice. It is intended to be a supplement to the already existing literature, as a comprehensive collection of reports detailing experiences and results of very different negotiations and auctions.
Download or read book The Timing of Bids in Internet Auctions written by Axel Ockenfels and published by . This book was released on 2001 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Best Practices for Online Procurement Auctions written by Diane H. Parente and published by IGI Global Snippet. This book was released on 2008 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a systematic approach to examine the use of information communication technologies for auction exchange mechanisms.
Download or read book Common Value Auctions and the Winner s Curse written by John H. Kagel and published by Princeton University Press. This book was released on 2002-08-11 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Melding theory with the econometric analysis of filed data, the authors of this text assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. They then gauge the sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisions of sophisticated bidders with students, the usual guinea pigs used in laboratory experiments.
Download or read book Economic Insights from Internet Auctions written by Patrick L. Bajari and published by . This book was released on 2003 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys recent studies of Internet auctions. Four main areas of research are summarized. First, economists have documented strategic bidding in these markets and attempted to understand why sniping, or bidding at the last second, occurs. Second, some researchers have measured distortions from asymmetric information due, for instance, to the winner's curse. Third, we explore research about the role of reputation in online auctions. Finally, we discuss what Internet auctions have to teach us about auction design.
Download or read book The Future of EMarkets written by Martin Bichler and published by Cambridge University Press. This book was released on 2001 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamic pricing and on-line auctions are emerging as the preferred models for e-business. Forrester Research predicts that business-to-business Internet auctions will grow to $52.6 billion by 2002, while dynamically priced business-to-business transactions will rise to $88 billion, representing 27% of the value of all business-to-business e-commerce transactions. This multi-disciplinary book presents a framework of negotiation protocols for electronic markets. It is the first book to combine economics with computer science and the first to describe multidimensional auction mechanisms - i.e. automated negotiations on multiple attributes and/or multiple units of a product. In addition it summarises the introductory economics needed to understand electronic markets, and surveys the literature on negotiation and auction theory. Case studies include the trading of financial derivatives. For use in the design, implementation and upgrade of electronic markets, for researchers in: economics, information systems and operations management, computer science and all students of the e-commerce phenomenon.
Download or read book Internet Auctions written by Ernan Haruvy and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Internet auctions are common in nearly all consumer categories. Hence, it is not surprising that a great deal of research has emerged on the topic in recent years. New design and format considerations and a wealth of available data from various platforms provide new questions and promising research opportunities for marketing researchers. This monograph begins with the introduction of the basic settings, concepts, and processes that are the building blocks of auction research. It then focuses on the transition from pre-Internet auction research to more recent topics. Special attention is given to research opportunities as well as to experimental methods that can provide both laboratory and field data to answer important questions. The survey 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. Some of these issues are extensions of general auction topics, but the findings can be quite different in Internet environments. We touch on new design features that are particularly relevant to Internet auctions such as feedback ratings, buy-it-now options, and different closing rules. We also look at strategic and behavioral models that are shaping marketing research on Internet auctions. Particular emphasis is given to behaviors that are relevant in offline environments but take on new meanings and forms in Internet auction environments.
Download or read book Understanding Auctions written by Asunción Mochón and published by Springer. This book was released on 2014-09-15 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, auctions have become an important field and many markets have designed new and sophisticated auction models to assign different types of items. The prime goal of this book is to set an organized classification of the main auction mechanisms in a way that readers can understand the importance of auction design and the advantages and drawbacks of each model. Given the relevance of the subject, there is a great volume of research about this topic. Nevertheless, most of these contributions use complex mathematical language difficult to understand for the average reader. In this book, the authors summarize the main ideas of the auction theory and explain them with simple language and plenty of examples. This book is a good starting point for any researcher interested in embracing the auction design as it also includes numerous real-world examples to engage the reader in the topic. “This book fills an important gap by making the main ideas and findings of auction research accessible.” Professor Paul Milgrom, Department of Economics, Stanford University.
Download or read book Ftc Bureau of Economics Roundtable on the Economics of Internet Auctions written by Christopher Adams and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: On October 27, 2005, the Bureau of Economics at the Federal Trade Commission hosted a roundtable on the Economics of Internet Auctions. This one-day conference brought together academic experts, industry professionals and government economists to discuss and learn about Internet auctions. This paper is a brief summary of the papers presented and panel discussions at the conference. The conference covered three main issues: (1) fraud and information problems on consumer-to-consumer Internet auction sites like eBay, (2) competition between auction sites and amongst auction site users, and (3) the data generated from auction sites and what inferences may be drawn from such data. The keynote address was given by Prof. Hal Varian. Varian discussed the auctions used by Google to sell "keyword" searches.
Download or read book Behavioral Economics in Real Estate Auction Processes written by Serge Koch and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This master's thesis provides an in-depth insight into each aspect of behavioral biases in the real estate market environment and bidding behavioral effects in particular through analyzing its underlying implications based on theoretical considerations, regression analysis founded on a comprehensive survey as well as a meta-analysis. It aims to establish a theoretical baseline of real estate auctions along with fundamental aspects of behavioral economics and, in a second step, to give a compelling comparison between auctions and negotiated sales of real estate. Based on his earlier analysis, the author tries to identify relevant market implications and effects with respect to the real estate market and fundamental aspects of behavioral economics followed by a thorough conclusion recapitalizing the overall working process of this paper. The results show that in the real estate market investors do not seem to act rational, nor are their misconducts uncorrelated. This thesis does thus greatly challenges the foundations of market efficiency due to the existence of behavioral biases.
Download or read book Internet Marketplaces written by Christina Hultmark and published by Oxford University Press, USA. This book was released on 2002 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides an analysis of the business models that are being employed because of the increased use of online auctions and exchnages for business transactions, their legal structures, and the extent to which further work is still required to fill in the legal infrastructure.
Download or read book Sponsored Search Auctions written by Song Yao and published by Now Publishers Inc. This book was released on 2009 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sponsored Search Auctions reviews current academic research on this nascent topic with a focus on future practical and research opportunities
