professor and economist, Department of Agricultural Economics, Mississippi State University; and Stiles is an assistant specialist, University of Arkansas Extension Service. For more information, contact Martin at (662) 686-3264; e-mail [email protected]. This information sheet was published by the Office of Agricultural Communications, a unit of the Division of Agriculture, Forestry, and...

This paper analyzes seller choices and outcomes in approximately 700 recent Internet auctions on eBay. The ‘Buy it Now’ option that is available in these auctions allows the seller to supplement or replace the auction with a posted price offer. We use a structural model to control for the endogenous conduct of the auction (e.g., number of bids and bidders) as well as product and seller characte...

In a laboratory experiment, we investigate the impact of temporary buy-options on efficiency, revenues, and bidding behavior in online proxy-auctions when bidders have independent private valuations. We show that the introduction of a buy-option reduces efficiency and at the same time fails to enhance revenues. In particular, we observe that the former presence of a temporary buy-option lowers ...

Considering a supply chain with fashion products comprising of a supplier and a retailer, we study the sustainability of the supply chain with alternative power structures (either the supplier or the retailer has the option of acting as a leader to make the decisions first). We also examine the impact of the supplier’s attitudes to loss on the supply chain’s sustainability and profitability. We...

In many practical applications of active learning, it is more cost-effective to request labels in large batches, rather than one-at-a-time. This is because the cost of labeling a large batch of examples at once is often sublinear in the number of examples in the batch. In this work, we study the label complexity of active learning algorithms that request labels in a given number of batches, as ...

This paper is concerned with what the state buys and in particular the decision to shift from conventional government purchase and ownership of assets toward public-private partnerships, i.e. purchase of final services, leaving the private sector supplier to design, build and own the assets. The approach emphasizes the information and contractual nature of the problem, rather than residual cont...

Consequently, in equilibrium, if a consumer with valuation v0 buys and patches the software, then every consumer with valuation v > v0 will also buy and patch, and hence there exists a vp ∈ 0 1 such that a consumer with valuation v ∈ will buy and patch if and only if v≥ vp, in which case ∗ v = B P . We next consider the buying decision in the second period. If a consumer with valuation v decide...

Consumers or the Customers are valuable assets for any organisation as they are the ultimate destination of any products or services. Since, they are the ultimate end users of any product or services, thus, the success of any organisation depends upon the satisfaction of the consumers, if not they will switch to other brands. Due to this reason, the satisfaction of the consumers becomes priorit...