New Institutional Structures on the Internet: The Economic Design of Online Auctions

The internet facilitates interactive and asynchronous communication among human and artificial agents in large bilateral markets. As a consequence, new institutional structures are emerging in the new economy. I discuss a few core problems associated with the economic design of internet markets and the way they are approached by eBay.com, a popular online auction platform.

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Year of publication:	2002-03-01
Authors:	Ockenfels, Axel
Institutions:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion
Subject:	Internet \| Markteffizienz \| Auktionstheorie \| auction \| eBay \| ebay

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Extent:	785408 bytes 26 p. application/pdf
Series:	Max-Planck-Institut für Ökonomik - Papers on Strategic Interaction Discussion Paper ; 0208 (2002)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Market research ; Simulation methods ; Study of commerce ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005867081