Posted Price Offers in Internet Auction Markets

• Main Author: Seifert, Stefan (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.
• Series: Lecture Notes in Economics and Mathematical Systems, 580
• Subjects: Business.; Operations research.; Decision making.; Information technology.; Business > Data processing.; E-commerce.; Economic theory.; Business and Management.; Operation Research/Decision Theory.; IT in Business.; e-Commerce/e-business.; Economic Theory/Quantitative Economics/Mathematical Methods.

New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction w...

Table of Contents:

• Model of the APPO Market Institution
• Design of the APPO Experiment
• Results of the Experiment
• Conclusion and Outlook.