prices of meat in the international and a nation's internal markets tend to be closely related to each other. this relation could be sometimes harmful and due to lagged responses, meat prices at the internal market would subsequently increase as input prices increase at either the internal or international market. price uncertainty and transmition are two important problems facing a nation...

Is the increased volatility on the Swedish stock market due to increased sensitivity to foreign markets or to inherently Swedish factors? The findings in this paper is that the foreign influence on the Swedish stock market shows a clear positive trend while purely domestic factors have not become more volatile. World influence on domestic stock markets is also substantially larger during intern...

Market volatility remains one of the most important research fields in agricultural economics.Interestingly, price transmission mechanism seems to be symmetric in sectors that are likely to be of high political power.This paper analyzes the price transmission effects from international markets to domestic markets for corn in Iran. For this purpose, we estimate the elasticity of substitution bet...

Auctions are formalized trading procedures in which the trading partners' interaction is governed by specific trading rules. Empirically we find a multiplicity of auction types with different trade objects, access rules for participants, and trading rules. During the 1980ies electronic auctions have been developed and implemented which distributed not only information about the trade objects el...

Web-based Group-Buying mechanisms, a refinement of quantity discounting, are being used for both Business-to-Business (B2B) and Business-toConsumer (B2C) transactions. In this paper, we survey currently operational online Group-Buying markets, and then study this phenomenon using analytical models. We surveyed over fifty active Group-Buying sites, and provide a comprehensive review of Group-Buy...

Accurate forecasts are essential in many areas such as business and sports forecasting. Prediction markets are a promising approach for forecasting future events and are increasingly used to aggregate information on particular future events of interest such as elections, sports events, and Oscar winners. In this paper, we present the results of an empirical study that compares the forecast accu...

Accurate predictions are essential in many areas such as business and sports forecasting. Prediction markets are a promising approach for predicting uncertain future events and developments. To give a few examples, prediction markets have been employed successfully to aggregate information on the expected outcome of elections, sports events, and Oscar winners. This work studies the prediction a...

With the growth of electronic markets, designing double auction mechanisms that are applicable to emerging market structures has become an important research topic. In this paper, we investigate two truthful double auction design approaches, the Trade Reduction Approach and the Multi-Stage Design Approach, and compare their resulting mechanisms in various exchange environments. We find that com...

With the increasing popularity of commercial uses of the Internet, business-to-business (B2B) ecommerce and e-procurement are moving corporate purchasing to the World Wide Web. Eprocurement systems are computer systems and communication networks through which firms buy and sell products. We identify two types of e-procurement systems: extranets and electronic markets. Extranets connect the buye...