Digital culture products are easily reproduced, easily distributed, and subject to boundless modification, extension and recombination. This sets the stage for the emergence of markets for co-production of cultural content. This paper studies two new market structures using two different...

New forms of implicit consumer collaborations in online communities and social networks influence demand preferences as consumers (1) increasingly exchange information about products and providers (thus reducing information asymmetry) and (2) increasingly participate in the creation of cultural...

Several studies have shown that Consumer-to-consumer (C2C) auctions operate below their revenue and efficiency potential. From a theoretical perspective, most auction researchers agree that dynamic prices should improve the performance of these auctions, but it is still unclear whether dynamic...

Demand reduction in Uniform-price and English auctions are strategic reactions by participants to reduce price and thus increase potential profits. Laboratory experiments similar to the field experiments performed by List and Reiley (Am. Econ. Rev. 2000; <B>9</B>(4): 961-972) in which two individuals with...</b>