Discounts in Auctions Theoretical and Experimental Analysis
| Year of publication: |
2006-12-18
|
|---|---|
| Authors: | Weber, Ilka |
| Institutions: | Institut für Informationswirtschaft und -management <Karlsruhe> |
| Published in: | |
| Subject: | Electronic Commerce |
- Abbreviations
- Figures
- Tables
- 1 Introduction
- 1.1 Motivation and research questions
- 1.2 Methodological approach
- 1.3 Overview and structure
- 2 Electronic Markets and Market Engineering
- 2.1 Markets and institutions
- 2.2 Negotiations and auctions as market institutions
- 2.3 Electronic markets
- 2.4 Methods for the design and analysis of electronic markets
- 2.5 Market engineering and computer-aided market engineering
- 3 Theoretical Model of the Discount Auction
- 3.1 Motivation
- 3.2 Amazon auction
- 3.3 Preliminary steps
- 3.4 Notation
- 3.5 Second-price auction
- 3.6 Discount auction
- 3.7 Comparison of the second-price auction and the discount auction
- 3.8 Related work
- 4 An Experiment on Discount Auctions
- 4.1 Motivation and research questions
- 4.2 Experimental design
- 4.3 Design parameters
- 4.4 Conducting the experiment
- 4.5 Experimental system
- 4.6 Statistical analysis of the experimental data
- 5 Experimental Results
- 5.1 Bidding behavior
- 5.2 Auction outcomes
- 5.3 Auction revenues in the symmetric and asymmetric case
- 5.4 Summary of the experimental results
- 6 Conclusion
- 6.1 Summary and review of the work
- 6.2 Limitations of the present work
- 6.3 Future work
- A Amazon Auction
- A.1 Bid increments in the Amazon auction
- B Linear transformation and order statistics
- B.1 Linear transformation
- B.2 Order statistics
- C Theoretical model of the DA
- C.1 Expected revenues in the symmetric case
- D Experimental approach
- D.1 Design parameters
- D.2 Experimental observations
- D.3 Behavior of bidders
- D.4 Auction revenues in the treatments
- D.5 Experimental instructions
- D.6 Experimental laboratory
- References
Persistent link: https://www.econbiz.de/10005856498