Stefan Seifert – författare
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3 produkter
3 produkter
Market Engineering
Insights from Two Decades of Research on Markets and Information
Inbunden, Engelska, 2021
550 kr
Skickas inom 10-15 vardagar
This motivation drives the research fields of market engineering and information management.With this book, the editors and authors honor Professor Dr. Christof Weinhardt for his enormous and ongoing contribution to market engineering and information management research and practice.
Market Engineering
Insights from Two Decades of Research on Markets and Information
Häftad, Engelska, 2021
442 kr
Skickas inom 10-15 vardagar
This motivation drives the research fields of market engineering and information management.With this book, the editors and authors honor Professor Dr. Christof Weinhardt for his enormous and ongoing contribution to market engineering and information management research and practice.
550 kr
Skickas inom 10-15 vardagar
New information technologies allow for the design of innovative electronic markets which can improve the efficiency of trading. In this context, several internet marketplaces have recently extended the flexibility of their selling mechanisms by creating hybrid institutions which combine an auction with a fixed price offer so that buyers can choose to bid in the auction or to acquire the item for the fixed price.Applying a Market Engineering approach, this book introduces a model of an auction with a posted price offer and investigates the characteristics of such mechanisms. It discusses the respective equilibrium strategies of both the sellers and the bidders which provide useful insights into understanding actual behavior. The theoretical results are compared with strategies of students in a controlled experiment. The experimental observations indicate shortcomings of standard economic theories and help to further improve electronic markets.