We investigate the impact of delegating decision making to information technology (IT) on an important human decision bias – the sunk cost effect. To address our research question, we use a unique dataset containing actual market transaction data for approximately 7,000 pay-per-bid auctions....

The German financial services market is in deep crisis. Deregulation and the new means of communication have fostered competition and made the market a transparent level playing field. Moreover, customers increasingly demand individualized solutions to their financial problems. Many financial...

The business model concept, although a relatively new topic for research, has garnered growing attention over the past decade. Whilst it has been robustly defined, the concept has so far attracted very little substantive research. In the context of the wide-spread digitization of businesses and...