Online learning in repeated auctions
Motivated by online advertising auctions, we consider repeated Vickrey auctions where goods of unknown value are sold sequentially and bidders only learn (potentially noisy) information about a good's value once it is purchased. We adopt an online learning approach with bandit feedback to model this problem and derive bidding strategies for two models:
Perchet, Vianney +2 more
openaire +5 more sources
Artificial intelligence and liquidation: Reality, destiny and fantasy
Abstract Artificial intelligence (AI) is increasingly reshaping the administration of corporate liquidation. Beyond its established role in financial prediction and data analytics, AI is now assisting insolvency practitioners in identifying the onset of financial distress, managing creditor communications, tracing and valuing assets and enhancing ...
Kai Zhang, Jingchen Zhao
wiley +1 more source
Are consumers willing to pay more for future organic? Preference for certified transitional labels
Abstract The organic industry in the United States (US) has never kept pace with consumer demand and heavily relies on imports. This paper investigates how consumers value certified transitional labels, indicating growers are transitioning from conventional to organic production.
Xuqi Chen +4 more
wiley +1 more source
Difference in sale strategies drive spatial heterogeneity in collection pressure through online auctions: the role of body colour variation in the Japanese freshwater crabs, Geothelphusa dehaani species complex [PDF]
The increase in online sales of living organisms has raised considerable concerns about its impact on wildlife. High demand for specific biological traits can intensify collection pressure via wildlife trades, yet the effects of colour variations and ...
Taiga Kunishima
doaj +3 more sources
Modelling Critical Impeding Factors of Gamification Adoption: An ISM‐MICMAC Analysis
ABSTRACT Gamification is a transformative technology that attracts consumers and motivates them toward desired actions through fun and engagement. Despite its growing popularity and influence on user behavior, gamification faces significant challenges in acceptance and implementation due to behavioral, technological, economic, and regulatory factors ...
Wamika Sharma +4 more
wiley +1 more source
STATISTICAL PROPERTIES OF ONLINE AUCTIONS [PDF]
We characterize the statistical properties of a large number of online auctions run on eBay. Both stationary and dynamic properties, like distributions of prices, number of bids etc., as well as relations between these quantities are studied. The analysis of the data reveals surprisingly simple distributions and relations, typically of power-law form.
Namazi, Alireza, Schadschneider, Andreas
openaire +2 more sources
Consumer attitudes, willingness to pay and hedonic evaluations of innovative legume gnocchi products
Abstract BACKGROUND With growing concerns over the adverse effects of animal‐derived products on health, animal welfare and the environment, the rising popularity of plant‐based foods underscores the importance of understanding consumer preferences and determining acceptance.
Muhammad Adzran Che Mustapa +5 more
wiley +1 more source
GreenBid – an Online Agricultural Bidding Marketplace [PDF]
GreenBid is a web-based agricultural marketplace that connects farmers and buyers through transparent, real-time online auctions. It eliminates middlemen, reduces paperwork, and promotes fair, market-driven pricing.
Patil Maheshwari +4 more
doaj +1 more source
Optimal bidding in online auctions [PDF]
Online auctions are arguably one of the most important and distinctly new applications of the Internet. The predominant player in online auctions, eBay, has over 42 million users, and it was the host of over $9.3 billion worth of goods sold just in the year 2001.
Bertsimas, Dimitris J. +2 more
openaire +2 more sources
Are Start‐Up Acquisitions by Dominant Firms Driving Innovation or Killing Competition?
ABSTRACT This paper develops a sequential model to examine start‐up acquisitions in markets with network externalities, incorporating a pre‐entry strategic buyout option that allows the incumbent to integrate the start‐up's innovation, followed by post‐entry expenditure on coordination advertising, and defensive pricing strategies.
Adele Whelan, Kate Hynes
wiley +1 more source

