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on Information and Communication Technologies |
| By: | Bjørn-Andersen, Niels (Department of Informatics, Copenhagen Business School); Viborg Andersen, Kim (Department of Informatics, Copenhagen Business School) |
| Abstract: | The Danish companies are ahead of the US in B2C e-commerce. With the exception of Germany, Denmark is leading the group of 10 countries included in the survey data forming the basis for this report. The average global sample and countries as Germany is performing substantial better than Denmark on B2B on-line sales. Danish companies have high level of investments in IT, have the lowest barriers for ecommerce and the highest levels of e-commerce drivers. On most indicators for readiness e-commerce such as companies use of e-mail, intranet, EDI, extranet, and provision of mobile services... |
| Keywords: | na |
| JEL: | H00 |
| Date: | 2009–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:hhs:cbsinf:2003_011&r=ict |
| By: | Tim Hoppe (Faculty of Economics and Management, Otto-von-Guericke University Magdeburg) |
| Abstract: | At online auction platforms we often observed that substitutable goods are auctioned concurrently with auctions ending at the same time. I introduce an experimental setup of three sellers and four buyers in an ascending second price auction environment where every seller runs one auction with a homogeneous good and the buyers are confronted with single unit demand. I find that sellers revenue is significantly lower than theory predicts due to the fact that some auctions did not receive bids whereas other auctions concentrated the bids of all bidders. Moreover, I observe a statistically higher revenue of sellers setting the minimum starting price. Furthermore, my study shows that the buyers submit bids which are significantly lower than the private valuation every buyer receives. Comparing the efficiency of the parallel multiple auction setup to a double auction control experiment, I find a significant lower efficiency in parallel multiple auctions due to the coordination failure of the buyers. |
| Keywords: | simultaneous auctions, internet auctions, market design, electronic business |
| JEL: | D44 C92 |
| Date: | 2008–11 |
| URL: | http://d.repec.org/n?u=RePEc:mag:wpaper:08031&r=ict |