scholarly journals A Novel Auction Blockchain System with Price Recommendation and Trusted Execution Environment

Mathematics ◽  
2021 ◽  
Vol 9 (24) ◽  
pp. 3214
Author(s):  
Dong-Her Shih ◽  
Ting-Wei Wu ◽  
Ming-Hung Shih ◽  
Wei-Cheng Tsai ◽  
David C. Yen
Keyword(s):  
Online Auctions ◽  
Business Environment ◽  
Internet Technology ◽  
Online Auction ◽  
Easy Access ◽  
Winner's Curse ◽  
Winner’S Curse ◽  
Smart Contract ◽  
Significant Difference ◽  
The World

Online auctions are now widely used, with all the convenience and efficiency brought by internet technology. Despite the advantages over traditional auction methods, some challenges still remain in online auctions. According to the World Business Environment Survey (WBES) conducted by the World Bank, about 60% of companies have admitted to bribery and manipulation of the auction results. In addition, buyers are prone to the winner’s curse in an online auction environment. Since the increase in information availability can reduce uncertainty, easy access to relevant auction information is essential for buyers to avoid the winner’s curse. In this study, we propose an Online Auction Price Suggestion System (OAPSS) to protect the data from being interfered with by third-party programs based on Intel’s Software Guard Extensions (SGX) technology and the characteristics of the blockchain. Our proposed system provides a smart contract by using α-Sutte indicator in the final transaction price prediction as a bidding price recommendation, which helps buyers to reduce the information uncertainty on the value of the product. The amount spent on the smart contract in this study, excluding deployed contracts, plus the rest of the fees is less than US$1. Experimental results of the simulation show that there is a significant difference (p < 0.05) between the recommended price group and the actual price group in the highest bid. Therefore, we may conclude that our proposed bidder’s price recommendation function in the smart contract may mitigate the loss of buyers caused by the winner’s curse.

Affiliate Marketing for Entrepreneurs

2018 ◽  
pp. 81-100
Author(s):  
Shailja Dixit ◽  
Hitesh Kesarwani
Keyword(s):  
Web Sites ◽  
Distribution System ◽  
World Wide ◽  
Internet Marketing ◽  
Internet Technology ◽  
Easy Access ◽  
The Internet ◽  
Media Companies ◽  
The World ◽  
The Usa

Selling and marketing of both the products and services have undergone sea changes, in the last decade or so, with greater focus on internet marketing Expanding coverage of internet allows spreading of products without involving huge additional investments in distribution system. The internet technology has existed for more than 40 years now, yet it was the introduction of the World Wide Web (WWW) that caused its fast market penetration (Chaffey, 2003). In only four years, the internet reached an audience of 50 million users in the USA. It took the television over 13 years and the telephone over 75 years to reach this number (Angeli & Kundler, 2008). Considering that, the internet can said to be the fastest spreading information media in today's world. The strength of the WWW was the power to provide easy access to information using a network of web sites (Chaffey, 2003). Of course, many people realized the huge possibilities of this media. Companies saw big marketing opportunities as internet user numbers increased (Zeff, 1999). The chapter will try to seek the performance and effectiveness of current techniques of internet marketing and at the same time to identify the potential of new and emerging techniques for further strengthening the internet marketing with special emphasis on Affiliate Marketing.

Security and Trust of Online Auction Systems in E-Commerce

2011 ◽  
pp. 356-368 ◽  
Author(s):  
P. W. Lei ◽  
L. K. Lo ◽  
C. R. Chatwin ◽  
R. C.D. Young ◽  
M. I. Heywood ◽  
...  
Keyword(s):  
Online Auctions ◽  
Online Auction ◽  
Business Activity ◽  
Security Issues ◽  
High Profile ◽  
Auction Houses ◽  
The World ◽  
Secure Architecture

Internet trading is an irresistible business activity, which nevertheless is constrained by unresolved security issues. With e-tailers like amazon.com having a storefront for auction and the two largest traditional auction houses in the world, Christie’s and Sotheby’s, operating online auctions too; online auction systems are now playing an increasingly important role in e-commerce. However, online auction fraud has been reported in several high profile cases; this chapter offers some solutions for problems identified in online auction trading; which is largely unregulated and in which small auction sites have very little security. A secure architecture for online auction systems will greatly reduce the problems. The discussion herein is restricted to those factors that are deemed critical for ensuring that consumers gain the confidence required to participate in online auctions, and hence a broader spectrum of businesses are able to invest in integrating online auction systems into their commercial operations.

Winner's curse and parallel sales channels—Online auctions linked within e-tail websites

2006 ◽  
Vol 43 (8) ◽  
pp. 919-927 ◽  
Author(s):  
Douglas A. Amyx ◽  
Michael S. Luehlfing
Keyword(s):  
Online Auctions ◽  
Winner's Curse ◽  
Winner’S Curse ◽  
Sales Channels

scholarly journals FOREIGN EXPERIENCE OF SMALL BUSINESS DEVELOPMENT

2021 ◽  
Author(s):  
Oleksandr Tregubov
Keyword(s):  
New Zealand ◽  
Small Business ◽  
Business Environment ◽  
Business Development ◽  
State Regulation ◽  
Global Rating ◽  
Small Business Development ◽  
Foreign Experience ◽  
Significant Difference ◽  
The World

The article identifies the role of small business in the development of national economies that is due to the ease of perception of innovations, the creation of a significant number of jobs, contentment of social needs in goods and services. It was established that due to a number of problems faced by domestic small business, there is a need to form new approaches to the development of this area. On the basis of the Global rating of favorable business conditions was assessed the business environment of the world. There were taken into account such indicators as business registration, obtaining building permits, connection to the power supply system, property registration, obtaining loans, protection of minority investors, taxation, and International trade, ensuring the implementation of contract and insolvency settlement. It is determined that the top three in this indicator (by 2020) included New Zealand, Singapore and Hong Kong. Emphasis was placed on the significant difference (more than four times) in the ease of doing business index between the leader – New Zealand (86.59) and the outsider – Somalia (20.0), that indicates unevenness development of this area in the countries of the world. Based on a study of foreign experience in the development of small business in developed countries were identified practices that were interesting for further adaptation in Ukraine. Namely: formation of an effective legal framework; implementation of an effective regulatory policy and the use of a program-targeted approach to state regulation; state support of small business through the implementation of investment programs, projects, assistance in obtaining government orders, the formation of effective credit and tax policies, aimed at solving problems of financial and credit support of small business; stimulating innovation and development of small innovative enterprises and relevant infrastructure facilities (technology parks, science parks, venture funds), improving the system of training and retraining of specialists for small business; development of information technologies and e-business; active promotion of small enterprises, creation of necessary support institutions; cooperation of large and small business entities.

Bidding Patterns, Experience, and Avoiding the Winner's Curse in Online Auctions

2010 ◽  
Vol 27 (3) ◽  
pp. 241-268 ◽  
Author(s):  
Robert F. Easley ◽  
Charles A. Wood ◽  
Sharad Barkataki
Keyword(s):  
Online Auctions ◽  
Winner's Curse ◽  
Winner’S Curse

The Value of Victory - Neural Mechanisms of the Winner's Curse

2011 ◽  
Author(s):  
Wouter van den Bos ◽  
Arjun Talwar ◽  
Samuel McClure
Keyword(s):  
Neural Mechanisms ◽  
Winner's Curse ◽  
Winner’S Curse

Enterprise and its Business Environment

2016 ◽  
Keyword(s):  
Business Environment ◽  
Solid Base ◽  
Business Enterprise ◽  
The World

A clear and insightful introduction to the world of business enterprise and the inner workings of the firm. It explores the role of entrepreneurs, consumers and businesses to understand how their roles affect the production and allocation of good and services and provides a solid base from which those new to the study of business can develop their own interests in relation to the most powerful economic and entrepreneurial forces shaping the world in which we live.

Digital Economy: New Opportunities and Threats for the Development of the World Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova
Keyword(s):  
World Economy ◽  
Practical Experience ◽  
Business Environment ◽  
Digital Economy ◽  
The State ◽  
Market Exchange ◽  
Country Level ◽  
The World ◽  
Business Structures ◽  
Definition Of

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.

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