• 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