Showing 1 - 10 of 83
On online platforms, consumers face an abundance of options that are displayed in the form of a position ranking. Only products placed in the first few positions are readily accessible to the consumer, and she needs to exert effort to access more options. For such platforms, we develop a...
Persistent link: https://www.econbiz.de/10012852780
Persistent link: https://www.econbiz.de/10014417946
Persistent link: https://www.econbiz.de/10013260192
Persistent link: https://www.econbiz.de/10014308609
Persistent link: https://www.econbiz.de/10014338145
In many online platforms, customers' decisions are substantially influenced by product rankings as most customers only examine a few top-ranked products. Concurrently, such platforms also use the same data corresponding to customers' actions to learn how these products must be ranked or ordered....
Persistent link: https://www.econbiz.de/10013251011
Persistent link: https://www.econbiz.de/10014329350
We consider a setting in which potential buyers of an indivisible item have private and heterogeneous valuation and cost of capital. The valuation and cost of capital can be correlated with each other, but they are independent across buyers. In such a setting, a buyer's utility for the item is...
Persistent link: https://www.econbiz.de/10012891708
Persistent link: https://www.econbiz.de/10012523497
The second price auction has been the prevalent auction format used by advertising exchanges because of its simplicity and desirable incentive properties. However, even with an optimized choice of reserve prices, this auction is not revenue optimal when the bidders are heterogeneous and their...
Persistent link: https://www.econbiz.de/10012901369