Bundling Decisions for Selling Multiple Items in Online Auctions

2021 ◽  
Author(s):  
Yeu-Shiang Huang ◽  
Min-Sheng Yang ◽  
Jyh-Wen Ho
Keyword(s):  
Online Auctions ◽  
Online Auction ◽  
The Internet ◽  
Ordinary People ◽  
Equilibrium Solutions ◽  
Bidding Strategies ◽  
Base Price ◽  
Bidding Price ◽  
Limited Supply ◽  
Use Of The Internet

Fueled by the widespread use of the internet, more and more ordinary people have now become merchandise sellers who sell their own possessions, such as antique collections and limited souvenirs, to buyers who are interested in such goods via online auctions. This study examines the decision making related to the bidding strategies used in online auctions by both sellers and buyers. When selling goods for which there is a limited supply, sellers consider whether to sell the single homogenous items in multiple, simultaneous auctions or all the items in a single auction. Moreover, when selling heterogeneous but associated goods, sellers may decide to bundle the items for sale or not with an aim of increasing the potential buyers’ willingness to make a purchase. We investigate the effects that various factors related to the bidding strategies used in online auctions, such as the base price and duration of the auction determined by the seller and the bidding price decided by the buyer, have on the seller’s profit, and the utilities of both parties are considered to derive the equilibrium solutions. This study contributes to the literature by proposing an online auction framework that focuses more on individual sellers selling a limited quantity of items with an aim to establish a favorable online auction for both sellers and buyers and earn more profits for sellers. The results show that the base prices and direct purchase prices should be unestablished to achieve the most attractive characteristics of online auctions, which would encourage more buyers to freely place bids. As a result, the bidding items would have more chances to be eventually obtained by the buyer who places the highest bid, which, thus, maximizes the seller’s profit.

PSYCHOLOGICAL ASPECTS OF CIBERCOMMUNICATING INDIVIDUAL DEPENDENCE

2018 ◽  
Vol 7 (1) ◽  
pp. 233-244
Author(s):  
Anatoliy Kononenko ◽  
Oksana Kononenko
Keyword(s):  
Computer Games ◽  
Online Auctions ◽  
Online Gambling ◽  
The Internet ◽  
Dependent Personality ◽  
The Social ◽  
Behavioral Features ◽  
Use Of The Internet ◽  
Social Use ◽  
Social Dependence

The article deals with the main approaches to the study of the problem of cybercommunicative personality dependence in domestic and foreign psychology. It is shown that the problem of psychological predisposition has not been studied in the foreign psychology, mainly the various aspects of the study of dependence, which are conducted in the main directions as an individual variable - cognitive, motivational, emotional and behavioral characteristics of the dependent personality and as a set of behavioral features. The problem of dependent personality is represented by several areas: dependence on the Internet, network gambling and other numerous varieties of dependence. Mostly dependence is seen as a consequence of interpersonal transactions within social groups that create the effect of "social dependence"; dependence as a set of behavioral features. In Ukrainian psychological science, in broad sense, addiction is seen as a specific way of thinking, perception and interpretation, of feeling and of the outside world. The main features of online dependencies are: obsessional passion for work at a computer (games, programming or other activities); pathological commitment to online gambling, online auctions or virtual purchases; Dependence on the social use of the Internet (chatting in chat, group games and teleconferencing), etc.

Online Auctions

2010 ◽  
pp. 418-427 ◽  
Author(s):  
James K. Ho
Keyword(s):  
Theoretical Basis ◽  
Business Models ◽  
Online Auctions ◽  
The State ◽  
Online Auction ◽  
The Internet ◽  
Auction Models ◽  
The Future ◽  
Auction Mechanisms ◽  
Definition Of

The Internet is a new medium of communication connecting potential partners in trade worldwide. The initial frenzy over its promises led to grossly exaggerated valuations of business models that were mere transplantations of existing processes to the alternative channel. Now that the bubble has burst, more sensible and critical thoughts can be turned to true transformations that are creating and nurturing markets of the future. Online auction is one of the very few cases that has held a steady course, as evidenced in the success to date of eBay.com. Founded in September 1995, eBay has become a global trading platform with presence in 39 markets where on any given day, there are more than 113 million listings across 50,000 plus categories. In 2009, at least 86 million people will buy and sell well over $2000 worth of goods every second (www. ebay.com). To survey the state of development of online auctions apart from eBay, on a pragmatic rather than theoretical basis, we examine variations in auction mechanisms, and give examples of implementation online at this writing. The commonly used terminology and definition of auction models can be found in e.g. McAfee and McMillan (1987). For conciseness and consistency, the www prefix and .com suffix are omitted from the URL of corresponding companies, and all lowercase is used throughout.

Overview of Electronic Auctions

2011 ◽  
pp. 2953-2957 ◽  
Author(s):  
Patricia Anthony
Keyword(s):  
Online Auctions ◽  
Online Auction ◽  
The Internet ◽  
Auction House ◽  
Electronic Auctions ◽  
Auction Houses ◽  
Different Types ◽  
The Usa ◽  
Net Revenue

Online auctions are one of the most popular and effective ways of trading goods over the Internet (Bapna, Goes, & Gupta, 2001). Thousands of items are sold on online auctions everyday including books, toys, computers, antiques, and even services. As an example, eBay (http://www.ebay. com), the largest online auction house, has more than 241 million registered users today, and in the year 2006 alone, eBay recorded consolidated net revenue of $6 billion (eBay, 2007). On any given day, there are more than 78 million items listed on eBay, and approximately 6 million listings are added per day. It has also spread its wings to other countries outside the USA, and to date it is present in 24 countries. In addition to eBay, there are more than 2,600 auction houses that conduct online auctions (common sites include Amazon. com, http://www.amazon.com; Yahoo! Auctions, http://auctions. shopping.yahoo.com; priceline.com, http://www.priceline. com; and uBid, http://www.ubid.com). These auction houses conduct many different types of auctions according to a variety of rules and protocols.

scholarly journals COUNTERACTING SHILL BIDDING IN ONLINE ENGLISH AUCTION

2005 ◽  
Vol 14 (02n03) ◽  
pp. 245-263 ◽  
Author(s):  
BHARAT BHARGAVA ◽  
MAMATA JENAMANI ◽  
YUHUI ZHONG
Keyword(s):  
Uniform Distribution ◽  
Expected Utility ◽  
Online Auctions ◽  
Bidding Strategy ◽  
The Internet ◽  
English Auction ◽  
Bidding Strategies ◽  
Shill Bidding ◽  
Auction Mechanisms ◽  
Equilibrium Bidding

The popularity of online auctions and the associated frauds have led to many auction sites preferring English auction over other auction mechanisms. The ease of adopting multiple fake identities over the Internet nourishes shill bidding by fraudulent sellers in English auction. In this paper, we derive an equilibrium bidding strategy to counteract shill bidding in an online English auction. An algorithm based on this strategy is developed. We conduct experiments to evaluate the strategy in a simulated eBay like auction environment. Five popular bidding strategies are compared with the proposed one. In the simulation, bidders compete to buy a product in the presence of a shill. Each bidder is randomly assigned a bidding strategy. She draws her valuation from a uniform distribution. The experiments show hat the average expected utility of agents with proposed strategy is the highest when the auction continues for a longer duration.

Courting the Youth Vote in 2008: The Obama Effect

2009 ◽  
Vol 5 ◽  
Author(s):  
Lindsey C Bohl
Keyword(s):  
Presidential Elections ◽  
Voter Registration ◽  
The Internet ◽  
The Past ◽  
Several Variables ◽  
High Turnout ◽  
Short And Long Term ◽  
Use Of The Internet ◽  
Youth Vote

This paper examines a few of the numerous factors that may have led to increased youth turnout in 2008 Election. First, theories of voter behavior and turnout are related to courting the youth vote. Several variables that are perceived to affect youth turnout such as party polarization, perceived candidate difference, voter registration, effective campaigning and mobilization, and use of the Internet, are examined. Over the past 40 years, presidential elections have failed to engage the majority of young citizens (ages 18-29) to the point that they became inclined to participate. This trend began to reverse starting in 2000 Election and the youth turnout reached its peak in 2008. While both short and long-term factors played a significant role in recent elections, high turnout among youth voters in 2008 can be largely attributed to the Obama candidacy and campaign, which mobilized young citizens in unprecedented ways.

Jerusalem’s Alternative Collective Memory Agents

2020 ◽  
Vol 35 (1) ◽  
pp. 1-16
Author(s):  
Menachem Klein
Keyword(s):  
Twentieth Century ◽  
Collective Memory ◽  
Memory Studies ◽  
The Internet ◽  
Early Twentieth Century ◽  
Physical Limitations ◽  
East And West ◽  
Use Of The Internet

Jerusalem played an important role in the establishment of collective memory studies by Maurice Halbwachs in the early twentieth century. Recent studies in this field draw attention to the contribution of a variety of agents to building, maintaining, and challenging collective memory realms. Following suit, this article deals with the methods that agents of an alternative collective memory for Jerusalem use to challenge the Israeli hegemonic narrative. Before reviewing their activities in East and West Jerusalem and their resources and impact, I summarize the hegemonic narrative as presented in four memory realms. Special attention is given to both sides’ use of the Internet as a means of overcoming the physical limitations of memory realms.

MULTIMEDIA ENVIROMENT OF GERMAN POLEMIC DISCOURSE

2019 ◽  
pp. 223-235
Author(s):  
Anna Udelkina
Keyword(s):  
Information Exchange ◽  
The Internet ◽  
Internet Site ◽  
Internal Dynamics ◽  
Xxth Century ◽  
User Comments ◽  
Multimedia Environment ◽  
The Media ◽  
Use Of The Internet ◽  
Main Activity

This article is devoted to the study of the multimedia environment of the polemic discourse in German media with its diverse formats of impact on the audience and the actively developing internal dynamics of texts. If at the end of the XXth century the specifics of German media were the use of the Internet site as one of the possibilities to present copies of newspapers and magazines in electronic form, today we can speak of modified, hybrid Internet versions of printed publications that do not just create websites on the Internet that duplicate their main activity, but also combines the features of the traditional press and features of the functioning of texts on the Internet. The transition from linear, monomedia broadcasting platforms to discrete, multimedia ones has a significant impact on the process of creating, designing and placing modern polemics. Texts of articles and user comments are considered in the article as tmaterialization of the polemic discourse in the media. Polemic texts are formed on the basis of intertextual structures and have a hypertext nature. The use of multimedia tools (a variety of fonts, graphics, animation, photo, video and sound) in the text of the article allows the author not only to expand the amount of information provided, but also to qualitatively supplement its content through inline inclusions tn the text, to express the meaning of information by referring to verbal and non-verbal means; to provide a visual and figurative presentation of information (graphs, charts, tables), to attract attention and influence the audience, as well as to provide readers with the opportunity to participate in information exchange.

Kaitan Akses Internet dan Penyelesaian Tugas Sekolah Berdasarkan Regresi Kuantil Menuju Masyarakat 5.0

2020 ◽  
Vol 3 (2) ◽  
pp. 342-350
Author(s):  
Suparna Parwodiwiyono
Keyword(s):  
Quantile Regression ◽  
Internet Use ◽  
Secondary Data ◽  
Internet Access ◽  
The Internet ◽  
School Work ◽  
Close Relationship ◽  
Use Of The Internet ◽  
Good Learning ◽  
The Relationship

Abstrak: Bagi generasi pasca milenial penggunaan internet sangat akrab tetapi dengan berbagai tujuan penggunaan. Penelitian ini ingin melihat keterkaitan penggunaan internet oleh penduduk yang sedang sekolah untuk kepentingan penyelesaian tugas sekolah di Indonesia untuk mendapatkan hasil belajar yang baik. Analisis berdasarkan data sekunder dari Survei Sosial Ekonomi Nasional tahun 2018. Hanya saja data yang didapatkan tidak simetris dengan adanya pencilan. Regresi kuantil digunakan untuk meminimumkan pengaruh dari pencilan yang ada. Penelitian mendapatkan hasil bahwa terdapat kaitan yang erat antara akses internet dari penduduk yang sedang sekolah dengan penyelesaian tugas sekolah.  Hasil regresi kuantil menunjukkan bahwa proporsi akses internet untuk penyelesaian tugas sekolah berbeda antar golongan proporsi penggunaan internet. Proporsi penggunaan internet yang tinggi akan digunakan untuk penyelesaian tugas sekolah yang lebih tinggi pula. Abstract: For the post millennial generation the use of the internet is very familiar but with various purposes of use. This study wants to look at the relationship between the use of the internet by residents who are currently in school for the sake of completing school work in Indonesia to get good learning outcomes. Analysis based on secondary data from the 2018 National Socio-Economic Survey. It's just that the data obtained is not symmetrical with outliers. Quantile regression is used to minimize the effect of outliers. The study found that there was a close relationship between internet access from residents who were in school and completion of school work. The quantile regression results show that the proportion of internet access for completing school work differs between groups of proportions of internet use. A high proportion of internet use will be used for completing higher school work.

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