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Posted Price Offers in Internet Auction Markets
New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction w...
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Autor Corporativo: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Berlin, Heidelberg :
Springer Berlin Heidelberg : Imprint: Springer,
2006.
|
| Edición: | 1st ed. 2006. |
| Colección: | Lecture Notes in Economics and Mathematical Systems,
580 |
| Temas: | |
| Acceso en línea: | Texto Completo |
MARC
| LEADER | 00000nam a22000005i 4500 | ||
|---|---|---|---|
| 001 | 978-3-540-35268-6 | ||
| 003 | DE-He213 | ||
| 005 | 20220117151559.0 | ||
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| 008 | 100301s2006 gw | s |||| 0|eng d | ||
| 020 | |a 9783540352686 |9 978-3-540-35268-6 | ||
| 024 | 7 | |a 10.1007/978-3-540-35268-6 |2 doi | |
| 050 | 4 | |a T57.6-.97 | |
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| 082 | 0 | 4 | |a 658.403 |2 23 |
| 100 | 1 | |a Seifert, Stefan. |e author. |4 aut |4 http://id.loc.gov/vocabulary/relators/aut | |
| 245 | 1 | 0 | |a Posted Price Offers in Internet Auction Markets |h [electronic resource] / |c by Stefan Seifert. |
| 250 | |a 1st ed. 2006. | ||
| 264 | 1 | |a Berlin, Heidelberg : |b Springer Berlin Heidelberg : |b Imprint: Springer, |c 2006. | |
| 300 | |a XIV, 184 p. |b online resource. | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 347 | |a text file |b PDF |2 rda | ||
| 490 | 1 | |a Lecture Notes in Economics and Mathematical Systems, |x 2196-9957 ; |v 580 | |
| 505 | 0 | |a Model of the APPO Market Institution -- Design of the APPO Experiment -- Results of the Experiment -- Conclusion and Outlook. | |
| 520 | |a New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction with a fixed price offer so that buyers can choose to bid in the auction or to acquire the item for the fixed price. 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 both the sellers and the bidders which provide useful insights into understanding actual behavior. The theoretical results are compared with strategies of students in a controlled experiment. The experimental observations indicate shortcomings of standard economic theories and help to further improve electronic markets. | ||
| 650 | 0 | |a Operations research. | |
| 650 | 0 | |a Business information services. | |
| 650 | 0 | |a Electronic commerce. | |
| 650 | 0 | |a Econometrics. | |
| 650 | 1 | 4 | |a Operations Research and Decision Theory. |
| 650 | 2 | 4 | |a IT in Business. |
| 650 | 2 | 4 | |a e-Commerce and e-Business. |
| 650 | 2 | 4 | |a Quantitative Economics. |
| 710 | 2 | |a SpringerLink (Online service) | |
| 773 | 0 | |t Springer Nature eBook | |
| 776 | 0 | 8 | |i Printed edition: |z 9783540825531 |
| 776 | 0 | 8 | |i Printed edition: |z 9783540352655 |
| 830 | 0 | |a Lecture Notes in Economics and Mathematical Systems, |x 2196-9957 ; |v 580 | |
| 856 | 4 | 0 | |u https://doi.uam.elogim.com/10.1007/978-3-540-35268-6 |z Texto Completo |
| 912 | |a ZDB-2-SBE | ||
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| 950 | |a Business and Economics (SpringerNature-11643) | ||
| 950 | |a Business and Management (R0) (SpringerNature-43719) | ||