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We propose using the information revealed through auctions, including in particular the unsuccessful bids, to identify latent demand. Applied to combinatorial auctions for bundles of goods, this information can identify new bundles with particularly high valuations, expressed by their high...
Persistent link: https://www.econbiz.de/10005345616
As information technology (IT) and services become more prevalent within the enterprise, the burden of greater expertise on computer technology falls on companies whose primary mission may not be information technology management. This has led to the emergence of computation resource services...
Persistent link: https://www.econbiz.de/10005706335
The phenomenon of electronic commerce has led to a proliferation of web sites competing for the attention and resources of millions of consumers. As has been recently shown, the resulting dynamics is such that a few sites command most of the traffic in the web, a signature of a winner-take-all...
Persistent link: https://www.econbiz.de/10005706381
We consider scheduling in distributed systems from a game theoretic point view while taking into account queuing theory methodologies. In this approach no one knows the global state of the system while users try to maximize their utility. Since the performance of such a blind scheduler is worse...
Persistent link: https://www.econbiz.de/10005706525
Much has been said about the possibility that in the information age, ease of entry and global access will lead to market characteristics with few inefficiencies. While several arguments have been articulated on the nature of markets and electronic commerce, little is known about their...
Persistent link: https://www.econbiz.de/10005706679
In the emerging age of electronic commerce, it is of paramount importance to design mechanisms that ensure timely and reliable transactions in cyberspace. This is an important problem given the bursty nature of Internet congestion, which leads to large variability in the risk and cost of...
Persistent link: https://www.econbiz.de/10005537711