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
Authors:	Ockenfels, Axel
Institutions:	Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

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Extent:	application/pdf
Series:	Papers on Strategic Interaction.
Type of publication:	Book / Working Paper
Notes:	26 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765189