In the past 20 years a variety of electronic markets have been set-up for the allocation of capacities in road transportation. Although, inefficiencies and cost pressures are high, the electronic markets have not succeeded so far. In this paper we will give an overview of the so-called electronic transportation exchanges and analyze the factors that were involved in the repeated failures. By us...

I suggest that the terminology of “adverse selection” is unhelpful, because from a public policy viewpoint in many markets adverse selection may not be adverse. I introduce the concept of “loss coverage” as a criterion for risk classification systems. I suggest that public policy should target a socially optimal level of adverse selection, and that in many markets this means maximising the loss...

With electronic markets emerging on the Internet, the travel agency has been characterized as the most endangered organization in the travel industry as potential travelers now have the opportunity to bypass intermediaries in the distribution chain. Customers are offered good opportunities for convenient and inexpensive travel bookings on the Internet, but at the same time they face many proble...

One of the most important recent innovations in financial markets has been the development of credit derivative products that allow banks to more actively manage their credit portfolios than ever before. We analyze the effect that access to these markets has had on the lending behavior of a sample of banks, using a sample of banks that have not accessed these markets as a control group. We find...

This study proposes a multiple kernel learning (MKL)-based regression model for crude oil spot price forecasting and trading. We used a well-known trend-following technical analysis indicator, the moving average convergence and divergence (MACD) indicator, for extracting features from original spot prices. Additionally, we factored in the possibility that movements of target crude oil prices ma...

Individual targeting, a marketing strategy that firms target individual consumers with tailored offers, is currently a widespread practice. Customer data intermediaries (CDIs) have emerged recently to help firms learn their prospective customers and launch their target marketing campaigns. This paper uses a common-value auction framework to study how a CDI designs and differentiates its informa...

Electronic Markets Electronic Markets Electronic Markets Electronic Markets Electronic Markets and Insurance and Insurance and Insurance and Insurance and Insurance Insurance and other financial services appear to be well suited to being sold electronically. No physical goods are involved , as insurance is in effect a purchase of a promise, in the form of a contract, which can be successfully d...

Electronic Markets represent one of the most important challenges in the emerging information society. Their broad scope cover all forms of business relationships between trading and manufacturing enterprises, information providers, service companies, consumers and public administrators. But today’s electronic markets on the Internet provide substantial advantages only for a single person in a ...

This paper reviews the concept of electronic marketplaces and, in particular, their relevance for SMEs. A specific example of a Regional Electronic Marketplace (REM) using a Community Web model is examined within this context. The authors review the underlying philosophy for the project and the planning which preceded implementation. A review of the case highlights the issues which are critical...