The free-rider phenomenon which impedes the marketing of information goods is conventionally countered by copyright protection regulations and technology. Alternative ways to mark...
— We present a continuous, stochastic model — the first of its kind — for the monetary flow in multi-level markets allowing for the quantitative assessment of the incentive...
With the recent technological feasibility of electronic commerce over the Internet, much attention has been given to the design of electronic markets for various types of electron...
This paper presents market-based workflow management, a novel approach to workflow specification and execution which regards activities contained in a workflow as goods traded...
Andreas Geppert, Markus Kradolfer, Dimitris Tombro...
ABSTRACT: We examine an environment where goods and privately informed buyers arrive stochastically to a market. A seller in this setting faces a sequential allocation problem with...