Showing 1 - 10 of 16,888
market platforms such as eBay) interact to promote trustworthinessand trust. Our analysis suggests that the costs involved in … crowds out trust and trustworthiness. …
that, unlike the partner market, the benefits of trust and trustworthy behavior go to the whole community and are not …
Auctions on the Internet provide a new source of data on how bidding is influenced by the detailed rules of the auction. Here we study the second-price auction run by eBay and Amazon, in which a bidder submits a reservation price, and has this (maximum) price used to bid for him by proxy.[...]
A procurement contract is granted by a bureaucrat (the auctioneer)who is interested in a low price and a bribe from the provider.The optimal bids and bribes are derived based on an iid private costassumption. In the experiment, bribes are negatively framed (betweensubjectstreatment) to capture...
The main results of our indirect evolutionary approach to trust in large interactions suggest that trsutworthiness must … be detectable if good conduct in trust-relationships is to survive. According to theoretical reasoning there is a niche …
Recently the phenomena of external technology exploitation (ETE) has startet to attract from scholars, business and politicians likewise alongside with a growth of markets for technology. However, the makets for technology are still characterized by inhibiting obstacles that lead to high...
A great deal of late bidding has been observed on internet auctions such as ebay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that...
Spieltheoretische Überlegungen zeigen, dass Reputationsmechanismen, wie sie auf Internet-Marktplattformen zur Anwendung kommen, prinzipiell geignet sind, Handel in großen anonymen Märkten zu erleichtern. Dies geil selbst dann, wenn die Marktteilnehmer ihre Identität jederzeit und kostenlos...
Many bidders in eBay employ bidding strategies that involve late bids, incremental bids, or both. Based on field evidence, we discuss teh manner in which late bids are caused both by sophisticated, strategic reasoning and by irrationality and inexperience, the interaction of late bidding and...
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly,they are also applied in internet trading. In these auctions the lowest single (unique)bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize,bidding cost and...