The Internet has evolved from Web 1.0, with static web pages and limited interactivity, to Web 2.0, with dynamic … Internet content has generally remained the same: zero. Because no transaction records the "purchase" of this content, its … value is not reflected in measured growth and productivity. To capture the contribution of the "free" Internet, we model the …

into four dimensions. These are auction model, motives, exchange processes, and stakeholders. One of the objects of this … research is to redefine the blurry concept of the business model by analyzing one business model, the web auction model. We … show in this research the complexity and diversity of factors contributing to the success of the web auction model. By …

endogenously choosing if and when to submit their bids/orders. The paper shows that, relative to the posted price, the auction …