Last Minute Bidding And The Rules For Ending Second Price Auctions
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Last Minute Bidding And The Rules For Ending Second Price Auctions
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Author : Alvin E. Roth
language : en
Publisher:
Release Date : 2000
Last Minute Bidding And The Rules For Ending Second Price Auctions written by Alvin E. Roth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Auctions categories.
There is a great deal of late bidding on internet second price auctions. We show that this need not result from either common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in private value auctions. The reason is that very late bids have a positive probability of not being successfully submitted, and this opens a way for bidders to implicitly collude, and avoid bidding wars, in auctions such as those run by eBay, which have a fixed end time. A natural experiment is available because the auctions on Amazon, while operating under otherwise similar rules, do not have a fixed end time, but continue if necessary past the scheduled end time until ten minutes have passed without a bid. The strategic differences in the auction rules are reflected in the auction data by significantly more late bidding on eBay than on Amazon. Futhermore, more experienced bidders on eBay submit late bids more often than do less experienced bidders, while the effect of experience on Amazon goes in the opposite direction. On eBay, there is also more late bidding for antiques than for computers. We also find scale independence in the distribution over time of bidders' last bids, of a form strikingly similar to the deadline effect' noted in bargaining: last bids are distributed according to a power law. The evidence suggests that multiple causes contribute to late bidding, with strategic issues related to the rules about ending the auction playing an important role
Last Minute Bidding And The Rules For Ending Second Price Auctions
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Author : Alvin E. Roth
language : en
Publisher:
Release Date : 2001
Last Minute Bidding And The Rules For Ending Second Price Auctions written by Alvin E. Roth and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with categories.
Understanding Auctions
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Author : Asunción Mochón
language : en
Publisher: Springer
Release Date : 2014-09-15
Understanding Auctions written by Asunción Mochón and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-09-15 with Business & Economics categories.
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.
Price Theory And Applications
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Author : Jack Hirshleifer
language : en
Publisher: Cambridge University Press
Release Date : 2005-09-12
Price Theory And Applications written by Jack Hirshleifer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-12 with Business & Economics categories.
This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).
Experimental Business Research
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Author : Amnon Rapoport
language : en
Publisher: Springer Science & Business Media
Release Date : 2005-10-20
Experimental Business Research written by Amnon Rapoport and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-10-20 with Business & Economics categories.
Volume II & III of Experimental Business Research include original papers that were presented at the Second Asian Conference on Experimental Business Research held at the Hong Kong University of Science and Technology (HKUST) on December 16-19, 2003. The conference was organized by the Center for Experimental Business Research (cEBR) at HKUST and was chaired by Professors Amnon Rapoport and Rami Zwick. Experimental Business Research adopts laboratory based experimental economics methods to study an array of business and policy issues spanning the entire business domain including accounting, economics, finance, information systems, marketing and management and policy. "Experimental economics" is an established term that refers to the use of controlled laboratory-based procedures to test the implications of economic hypotheses and models and discover replicable patterns of economic behavior. We have coined the term "Experimental Business Research" in order to broaden the scope of"experimental economics" to encompass experimental finance, experimental accounting, and more generally the use of laboratory-based procedures to test hypotheses and models arising from research in other business related areas, including information systems, marketing, and management and policy. The chapters included in these volumes reflect the domain diversity of studies in the experimental business research field.
Applying Formal Methods Testing Performance And M E Commerce
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Author : Manuel Núnez
language : en
Publisher: Springer
Release Date : 2004-09-09
Applying Formal Methods Testing Performance And M E Commerce written by Manuel Núnez and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-09-09 with Computers categories.
This book constitutes the joint refereed proceedings of the First International Workshop on Theory Building and Formal Methods in Electronic/Mobile Commerce, TheFormEMC, the first European Performance Engineering Workshop, EPEW, and the First International Workshop on Integration of Testing Methodologies, ITM, held jointly in association with FORTE 2004 in Toledo, Spain, in October 2004. The 27 revised full papers presented were carefully reviewed and selected from a total of 62 submissions. The papers are grouped in three topical sections corresponding to the workshop topics.
Dealmaking The New Strategy Of Negotiauctions First Edition
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Author : Guhan Subramanian
language : en
Publisher: W. W. Norton & Company
Release Date : 2010-02-01
Dealmaking The New Strategy Of Negotiauctions First Edition written by Guhan Subramanian and has been published by W. W. Norton & Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-01 with Business & Economics categories.
“Packed with transformative insights, Dealmaking will help a new generation of business leaders get to yes.”—William Ury, coauthor of Getting to Yes Informed by meticulous research, field experience, and classroom-tested strategies, Dealmaking offers essential insights for anyone involved in buying or selling everything from cars to corporations. Leading business scholar Guhan Subramanian provides a lively tour of both negotiation and auction theory, then takes an in-depth look at his own hybrid theory, outlining three specific strategies readers can use in complex dealmaking situations. Along the way, he examines case studies as diverse as buying a house, haggling over the rights to a TV show, and participating in the auction of a multimillion-dollar company. Based on broad research and detailed case studies, Dealmaking brings together negotiation and auction strategies for the first time, providing the jargon-free, empirically sound advice professionals need to close the deal. Originally published in hardcover under the title Negotiauctions.
Electronic Business Concepts Methodologies Tools And Applications
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Author : Lee, In
language : en
Publisher: IGI Global
Release Date : 2008-12-31
Electronic Business Concepts Methodologies Tools And Applications written by Lee, In and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-31 with Computers categories.
Enhances libraries worldwide through top research compilations from over 250 international authors in the field of e-business.
The Internet Encyclopedia Volume 2 G O
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Author : Hossein Bidgoli
language : en
Publisher: John Wiley & Sons
Release Date : 2004-04-27
The Internet Encyclopedia Volume 2 G O written by Hossein Bidgoli and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-27 with Business & Economics categories.
The Internet Encyclopedia in a 3-volume reference work on the internet as a business tool, IT platform, and communications and commerce medium.
The Handbook Of Behavioral Operations
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Author : Karen Donohue
language : en
Publisher: John Wiley & Sons
Release Date : 2018-11-06
The Handbook Of Behavioral Operations written by Karen Donohue and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-06 with Business & Economics categories.
A comprehensive review of behavioral operations management that puts the focus on new and trending research in the field The Handbook of Behavioral Operations offers a comprehensive resource that fills the gap in the behavioral operations management literature. This vital text highlights best practices in behavioral operations research and identifies the most current research directions and their applications. A volume in the Wiley Series in Operations Research and Management Science, this book contains contributions from an international panel of scholars from a wide variety of backgrounds who are conducting behavioral research. The handbook provides succinct tutorials on common methods used to conduct behavioral research, serves as a resource for current topics in behavioral operations research, and as a guide to the use of new research methods. The authors review the fundamental theories and offer frameworks from a psychological, systems dynamics, and behavioral economic standpoint. They provide a crucial grounding for behavioral operations as well as an entry point for new areas of behavioral research. The handbook also presents a variety of behavioral operations applications that focus on specific areas of study and includes a survey of current and future research needs. This important resource: Contains a summary of the methodological foundations and in-depth treatment of research best practices in behavioral research. Provides a comprehensive review of the research conducted over the past two decades in behavioral operations, including such classic topics as inventory management, supply chain contracting, forecasting, and competitive sourcing. Covers a wide-range of current topics and applications including supply chain risk, responsible and sustainable supply chain, health care operations, culture and trust. Connects existing bodies of behavioral operations literature with related fields, including psychology and economics. Provides a vision for future behavioral research in operations. Written for academicians within the operations management community as well as for behavioral researchers, The Handbook of Behavioral Operations offers a comprehensive resource for the study of how individuals make decisions in an operational context with contributions from experts in the field.