Reverse pricing is a market mechanism under which a consumer's bid for a product leads to a sale if the bid exceeds a hidden acceptance threshold the seller has set in advanc...
We design algorithms for computing approximately revenue-maximizing sequential postedpricing mechanisms (SPM) in K-unit auctions, in a standard Bayesian model. A seller has K copi...
According to transaction cost economics, contracts are always incomplete and offer opportunities to defect. Some level of trust is a sine qua non for trade. If the seller is better...
Gert Jan Hofstede, Catholijn M. Jonker, Tim Verwaa...
This paper considers a two-stage development problem for information goods with costless quality degradation. In our model, a seller of information goods faces customers that are ...
: We consider two mechanisms to procure differentiated goods: the request for quote and an English auction with bidding credits. In the request for quote, each seller submits a pri...
Many advertisers (bidders) use Internet systems to buy advertisements on publishers' webpages or on traditional media such as radio, TV and newsprint. They seek a simple, onl...
Florin Constantin, Jon Feldman, S. Muthukrishnan, ...
We examine a setting in which a buyer wishes to purchase probabilistic information from some agent. The seller must invest effort in order to gain access to the information, and m...
— The buyer-seller watermarking protocol enables a seller to successfully identify at least one traitor from a pirated copy, while prevent the seller from framing an innocent buy...
In Internet based commerce, sellers often use multiple distribution channels for the sale of standard consumer goods. We study a model of second degree price discrimination in whi...