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The Effect of Reputation on Selling Prices in Auctions
Grund, Christian; Gürtler, Oliver - In: Jahrbücher für Nationalökonomie und Statistik 228 (2008) 4, pp. 345-356
Summary It is often argued in economics that building a reputation for trustworthiness could help individuals or firms … website to test whether a seller’s bad reputation has an effect on selling prices. For auctions of popular DVDs at eBay we do … decreases the selling price by about 4 per cent. The number of negative ratings, in contrast, does not affect the selling price …
Persistent link: https://www.econbiz.de/10014609189
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Warranty as an Effective Strategy for Remanufactured Product
Liao, Bifeng; Li, Bangyi - In: International Journal of Information Systems and Supply … 9 (2016) 1, pp. 41-57
Consumers cannot fully evaluate the product quality before purchase. To reduce consumer risk, some manufacturers offer consumer warranty. Up to now, there are many studies investigating this role, but they seldom consider from the perspective of consumer utility. Consumers view remanufactured...
Persistent link: https://www.econbiz.de/10012045785
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Warranty as an Effective Strategy for Remanufactured Product
Liao, Bifeng; Li, Bangyi - In: International Journal of Information Systems and Supply … 9 (2016) 3, pp. 83-98
Consumers cannot fully evaluate the product quality before purchase. To reduce consumer risk, some manufacturers offer consumer warranty. Up to now, there are many studies investigating this role, but they seldom consider from the perspective of consumer utility. Consumers view remanufactured...
Persistent link: https://www.econbiz.de/10012045795
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Resource Allocation in Grid Computing Environment Using Genetic–Auction Based Algorithm
Satish, Kuppani; Reddy, A. Rama Mohan - In: International Journal of Grid and High Performance … 10 (2018) 1, pp. 1-15
algorithm contains two modules, auction module and genetic approach. Auction module find outs resource-trading price between … algorithms and microeconomics, it is proposed a Resource allocation method called a genetic-auction based algorithm [GAAB]. This …
Persistent link: https://www.econbiz.de/10012045065
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NegotiAuction: An Investigation of Its Possible Adoption
Long, Pham; Thanh, Le Trung - In: International Journal of Strategic Decision Sciences (IJSDS) 7 (2016) 3, pp. 70-85
NegotiAuction, a computer system which combines aspects of auctions and negotiations, is expected to overcome limitations in online reverse auctions and multi-attribute online reverse auctions. However, no studies have been conducted to investigate its possible adoption. This study has drawn on...
Persistent link: https://www.econbiz.de/10012047498
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Auction Bids and Shopping Choices
Lusk, Jayson L; Schroeder, Ted C. - In: Advances in Economic Analysis & Policy 6 (2006) 1
valuations implied from choices. We also find that auction data imply own-price elasticities of demand for higher quality … made non-hypothetical discrete choices between five goods. Despite the fact that the choice task and auction mechanisms are … incentive compatible, we find that auction bids were significantly lower, as much as two times lower in many cases, than …
Persistent link: https://www.econbiz.de/10014587456
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The Full Surplus Extraction Theorem with Hidden Actions
Obara, Ichiro - In: The B.E. Journal of Theoretical Economics 8 (2008) 1
Consider a situation in which a principal commits to a mechanism first and then agents choose unobservable actions before their payoff-relevant types are realized. The agents' actions may affect not only their payoffs directly but also the distribution of their types as well. This paper extends...
Persistent link: https://www.econbiz.de/10014589148
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The Value of Consumer Data in Online Advertising
Bourreau, Marc; Caillaud, Bernard; de Nijs, Romain - In: Review of Network Economics 16 (2017) 3, pp. 269-289
Abstract In this paper we propose a model where consumer personal data have multidimensional characteristics, and are used by platforms to offer ad slots with better targeting possibilities to a market of differentiated advertisers through real-time auctions. A platform controls the amount of...
Persistent link: https://www.econbiz.de/10014618904
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Designing Experimental Auctions for Marketing Research: The Effect of Values, Distributions, and Mechanisms on Incentives for Truthful Bidding
Lusk, Jayson L; Alexander, Corinne; Rousu, Matthew C. - In: Review of Marketing Science 5 (2007) 1
price auctions, and the random nth price auction. In particular, we draw attention to the shapes of the payoff functions and …
Persistent link: https://www.econbiz.de/10014619494
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Die Effizienz von Zuteilungsmechanismen bei Flächenzertifikaten zwischen Versteigerung und Grandfathering – experimentelle Evidenz
Proeger, Till; Meub, Lukas; Bizer, Kilian; Henger, Ralph - In: Zeitschrift für Wirtschaftspolitik 66 (2017) 1, pp. 80-109
Theorie zu erwartende Umverteilungseffekte zu Gunsten des Auktionators. Persistente Preisunterschiede zwischen Auktion und …
Persistent link: https://www.econbiz.de/10014630865