Auctions Of Digital Goods With Externalities
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Auctions Of Digital Goods With Externalities
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Author : Maryann Z. Rui
language : en
Publisher:
Release Date : 2020
Auctions Of Digital Goods With Externalities written by Maryann Z. Rui and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
Data is increasingly important for firms, regulators, and researchers to develop accurate models for decision-making. Since data sets often need to be externally acquired, a systematic way to value and trade data is necessary. Moreover, buyers of data often interact with each other downstream, such as firms competing in a market. In this setting, an allocation of data may not only benefit the buying firm, but also impose negative externalities on the firm’s competitors. The way data is allocated and sold should thus depend on the particulars of its downstream usage and the interaction between data buyers. We capture the problem of valuing and selling data sets to buyers who interact downstream within the general framework of auctions of digital, or freely replicable, goods. We study the resulting single-item and multi-item mechanism design problems in the presence of additively separable, negative allocative externalities among bidders. Two settings of bidders’ private types are considered, in which bidders either know the externalities that others exert on them or know the externalities that they exert on others. We obtain forms of the welfare-maximizing (efficient) and revenue-maximizing (optimal) auctions of single digital goods in both settings and highlight how the information structure affects the resulting mechanisms. We find that in all cases, the resulting allocation rules are deterministic single thresholding functions for each bidder. For auctions of multiple digital goods, we assume that bidders have independent, additive valuations over items and study the first setting of privately known incoming externalities. We show that the welfare-maximizing mechanism decomposes into multiple efficient single-item auctions using the Vickrey-Clarke-Groves mechanism. Under revenue-maximization, we show that selling items separately via optimal single-item auctions yields a guaranteed fraction of the optimal multi-item auction revenue. This allows us to construct approximately revenue-maximizing multi-item mechanisms using the aforementioned optimal single-item mechanisms.
Towards Data Auctions With Externalities
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Author : Anish Agarwal
language : en
Publisher:
Release Date : 2023
Towards Data Auctions With Externalities written by Anish Agarwal and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
The design of data markets has gained importance as firms increasingly use machine learning models fueled by externally acquired training data. A key consideration is the externalities firms face when data, though inherently freely replicable, is allocated to competing firms. In this setting, we demonstrate that a data seller's optimal revenue increases as firms can pay to prevent allocations to others. To do so, we first reduce the combinatorial problem of allocating and pricing multiple datasets to the auction of a single digital good by modeling utility for data through the increase in prediction accuracy it provides. We then derive welfare and revenue maximizing mechanisms, highlighting how the form of firms' private information- whether the externalities one exerts on others is known, or vice-versa- affects the resulting structures. In all cases, the optimal allocation rule is a single threshold per firm, where either all data is allocated or none is.
The Oxford Handbook Of The Digital Economy
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Author : Martin Peitz
language : en
Publisher: Oxford University Press
Release Date : 2012-08-06
The Oxford Handbook Of The Digital Economy written by Martin Peitz and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-08-06 with Business & Economics categories.
The economic analysis of the digital economy has been a rapidly developing research area for more than a decade. Through authoritative examination by leading scholars, this handbook takes a closer look at particular industries, business practices, and policy issues associated with the digital industry. The volume offers an up-to-date account of key topics, discusses open questions, and provides guidance for future research. It offers a blend of theoretical and empirical works that are central to understanding the digital economy. The chapters are presented in four sections, corresponding with four broad themes: 1) infrastructure, standards, and platforms; 2) the transformation of selling, encompassing both the transformation of traditional selling and new, widespread application of tools such as auctions; 3) user-generated content; and 4) threats in the new digital environment. The first section covers infrastructure, standards, and various platform industries that rely heavily on recent developments in electronic data storage and transmission, including software, video games, payment systems, mobile telecommunications, and B2B commerce. The second section takes account of the reduced costs of online retailing that threatens offline retailers, widespread availability of information as it affects pricing and advertising, digital technology as it allows the widespread employment of novel price and non-price strategies (bundling, price discrimination), and auctions. The third section addresses the emergent phenomenon of user-generated content on the Internet, including the functioning of social networks and open source. The fourth section discusses threats arising from digitization and the Internet, namely digital piracy, privacy, and security concerns.
Automata Languages And Programming
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Author : Fedor V. Fomin
language : en
Publisher: Springer
Release Date : 2013-07-03
Automata Languages And Programming written by Fedor V. Fomin and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-03 with Computers categories.
This two-volume set of LNCS 7965 and LNCS 7966 constitutes the refereed proceedings of the 40th International Colloquium on Automata, Languages and Programming, ICALP 2013, held in Riga, Latvia, in July 2013. The total of 124 revised full papers presented were carefully reviewed and selected from 422 submissions. They are organized in three tracks focussing on algorithms, complexity and games; logic, semantics, automata and theory of programming; and foundations of networked computation.
Algorithmic Mechanism Design For Internet Of Things Services Market
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Author : Yutao Jiao
language : en
Publisher: Springer Nature
Release Date : 2021-11-26
Algorithmic Mechanism Design For Internet Of Things Services Market written by Yutao Jiao and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-26 with Technology & Engineering categories.
This book establishes game-theoretical frameworks based on the mechanism design theory and proposes strategy-proof algorithms, to optimally allocate and price the related IoT services, so that the social welfare of IoT ecosystem or the service provider’s revenue can be maximized and the IoT service provision can be sustainable. This book is written by experts based on the recent research results on the interaction between the service providers and users in the IoT system. Since the IoT networks are essentially supported by data, communication, and computing resources, the book focuses on three representative IoT services, including the data analytics services, the cloud/fog computing services for blockchain networks, and the wireless powered data crowdsourcing services. Researchers, scientists, and engineers in the field of resource allocation and service management for future IoT ecosystem can benefit from the book. As such, this book provides valuable insights and practical methods, especially the novel deep learning-based mechanism that can be considered in the emerging IoT technology.
Competitive Digital Innovation
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Author : Amit Basu
language : en
Publisher: Springer Nature
Release Date : 2023-05-16
Competitive Digital Innovation written by Amit Basu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-16 with Business & Economics categories.
Innovative digital technologies are forcing companies to rethink how they compete. The focus of digital innovation in business has shifted from internal transformation within firms to their market interface and ecosystems. While opportunities for innovation in internal operations are well established, it’s less clear how to leverage technology at the market interface. This often has strategic implications, and the goal of this book is help you connect digital innovation to business strategy. By understanding how to leverage digital technologies, you can redefine your market-facing business processes, your products, services and even your business models and stay competitive in today’s hybrid markets. This book provides a coherent and comprehensive approach to not just survive but rather thrive in the 21st Century global marketplace. With global, real-world examples and original frameworks, this is an ideal book for executives and anyone who wants to understand digital strategy. Highly practical but infused with rigorous research, it shows you how your business can use digital technologies to compete in today’s hybrid markets.
Collusion In Repeated Auctions With Externalities
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Author : Ki-eun Rhee
language : en
Publisher:
Release Date : 2004
Collusion In Repeated Auctions With Externalities written by Ki-eun Rhee and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Illegal Online File Sharing Decision Analysis And The Pricing Of Digital Goods
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Author : Michael I. C. Nwogugu
language : en
Publisher: CRC Press
Release Date : 2016-11-03
Illegal Online File Sharing Decision Analysis And The Pricing Of Digital Goods written by Michael I. C. Nwogugu and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-11-03 with Business & Economics categories.
Illegal online file sharing costs companies tens of billions of dollars of lost revenues around the world annually and results in lost productivity, various psychological issues, and significant reduction of incentives to create and innovate. Legislative, technical, and enforcement efforts have failed. This book presents psychological theories about why people illegally share files online; analyzes and characterizes optimal sanctions for illegal online file sharing; introduces new models for pricing of network-access and digital-content to help reduce illegal online file sharing; introduces new content control and P2P systems; and explains why game theory does not work in pricing of network access.
Artificial Intelligence And Security
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Author : Xingming Sun
language : en
Publisher: Springer
Release Date : 2019-07-18
Artificial Intelligence And Security written by Xingming Sun and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-07-18 with Computers categories.
The 4-volume set LNCS 11632 until LNCS 11635 constitutes the refereed proceedings of the 5th International Conference on Artificial Intelligence and Security, ICAIS 2019, which was held in New York, USA, in July 2019. The conference was formerly called “International Conference on Cloud Computing and Security” with the acronym ICCCS. The total of 230 full papers presented in this 4-volume proceedings was carefully reviewed and selected from 1529 submissions. The papers were organized in topical sections as follows: Part I: cloud computing; Part II: artificial intelligence; big data; and cloud computing and security; Part III: cloud computing and security; information hiding; IoT security; multimedia forensics; and encryption and cybersecurity; Part IV: encryption and cybersecurity.
Digital Product Management Technology And Practice Interdisciplinary Perspectives
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Author : Strader, Troy J.
language : en
Publisher: IGI Global
Release Date : 2010-09-30
Digital Product Management Technology And Practice Interdisciplinary Perspectives written by Strader, Troy J. and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-09-30 with Technology & Engineering categories.
"This book covers a wide range of digital product management issues and offers some insight into real-world practice and research findings on the technical, operational, and strategic challenges that face digital product managers and researchers now and in the next several decades"--Provided by publisher.