T act of trading in a used car as partial payment for a new car resonates with practically all consumers. Such transactions are prevalent in many other durable goods markets, ranging from golf clubs to CT scanners. What roles do trade-ins play in these markets? What motivates the seller to set up a channel to facilitate trade-ins? Intuitively, accepting a trade-in would appear to stimulate dema...

THERE is a large literature on the design of selling mechanisms, which has led to a practical methodology for guiding sellers in the choice of selling methods (see note 1). This methodology is related to the theory of mechanism design in the same way that engineering is related to physics: the practical methodology includes not just theoretical insights, but also the results of experimental and...

For the first time, concept of payments for ecosystem benefits is represented as a general scientific model that reflects process economic formatting into monetary equivalents value products (goods, resources) and services generated by assets, forming their income contribution to human well-being. In particular, theoretical methodological foundations underlying formation are elucidated point-by...

In recent years, electronic markets have gained much attention as institutions to allocate goods and services efficiently between buyers and sellers. By leveraging the Web as a global communication medium, electronic markets provide a platform that allows participants throughout the world to spontaneously exchange products in a flexible manner. However, ensuring interoperability and mutual unde...

0167-6245/$ see front matter 2012 Elsevier B.V doi:10.1016/j.infoecopol.2012.01.007 ⇑ Corresponding author. Address: Department o College, 140 Commonwealth Avenue, Chestnut Hil States. Tel.: +1 608 263 3867; fax: +1 608 262 2033 E-mail addresses: [email protected] (J.H. gmail.com (C. Nosko), [email protected] (A. So Technologies that enable free redistribution of digital goods (e.g., ...

This paper designs a novel fuzzy competition and attitude based bidding strategy (FCA-Bid) for continuous double auction in which the best transaction price is calculated on account of the attitude of the agents and the competition for the goods in the market. The estimation of attitude is based on the bidding item’s attribute assessment, which adapts the fuzzy sets technique to handle uncertai...

The past few years have witnessed the increasing ubiquity of user-generated content on seller reputation and product condition in Internet based used-good markets. Recent theoretical models of trading and sorting in used-good markets provide testable predictions to use to examine the presence of adverse selection and trade patterns in such dynamic markets. A key aspect of such empirical analyse...

Online auctions, in the absence of spatial, temporal and geographic constraints, provide an alternative supply chain channel for the distribution of goods and services. This channel differs from the common posted-price mechanism that is typically used in the retail sector. In consumer-oriented markets, buyers can now experience the thrill of ‘winning’ a product, potentially at a bargain, as opp...

The duration of a buyer’s claim for remedies is a frequent source of negotiations in private contracts, and is a contested contract law issue. Disagreement concerns even the basic issue as to whether a rationale exists at all for cutting o¤ the buyer’s claim some time after purchase. The present article argues that a rationale can be given for cutting of the buyer’s claim, and sets forth the fa...

When entering foreign markets, sellers face quotas, tariffs, and nontariff barriers. In addition, they may face an intangible barrier in the form of consumer bias on the basis of product origin. Since 1965 several articles have appeared dealing with bias phenomena and with the efficacy of marketing strategies designed to avoid, accommodate, or circumvent consumers' negative predispositions. The...