During the recent debt crisis in Europe, policy makers responded to the controversy surrounding CDS by implementing a series of policies that banned CDS trading. Sambalaibat (2014) documents that a temporary CDS ban increased bond market liquidity but a permanent ban instead decreased bond market liquidity. To explain these patterns, I build a search-theoretic model of OTC bond and CDS markets ...

Background and Aims: Influenza A virus subtype H9N2 have continued to circulate in domestic poultry farms in Asia since 1998. The virus circulates in live bird markets, missing link in epidemiology of avian influenza. Regarding previous studies on H9N2 viruses of Iran and having no data on this subject in Iranian live bird markets this study was conducted to analyze genetically hemagglutinin pr...

We describe MARI (Multi-Attribute Resource Intermediary), a project being conducted in the Software Agents group at the MIT Media Lab, and the challenges and issues we are facing in its design and implementation. MARI is an intermediary architecture intended as a generalized platform for the specification and brokering of heterogeneous goods and services. The project reflects our vision of how ...

Michael Conrad earned his PhD at 2 November, 2009 with his work about mechanisms and protocols for secure legal relations in distributed and spontaneous electronic markets (Fig. 1). At the Institute of Telematics he mainly worked on the projects SESAM and KAI. Meanwhile he meets new challenges at its new employer IDS GmbH working on the development of smart grids. We wish Dr. Conrad all the best!

Abstract—In this contribution we transfer a customer purchase incidence model for consumer products which is based on Ehrenberg’s repeat-buying theory to Web-based information products. Ehrenberg’s repeat-buying theory successfully describes regularities on a large number of consumer product markets. We show that these regularities exist in electronic markets for information goods too, and that...

Electronic markets have a short but dynamic history. How an electronic market can be successfully developed remains in dispute. There is a clear need to better understand the nature of electronic markets themselves and, in particular, to review important developments in their conceptualisation. To enable a deeper understanding of these issues, we decided to restrict our investigation to electro...

W examine the impact of reduced search costs on prices of commodity products in electronic marketplaces. Conventionally, reduced consumer search costs may be expected to engender stronger price competition between firms, resulting in lower prices and improved consumer welfare. This notion was formalized in Stahl (1989, “Oligopolistic pricing with sequential consumer search,” American Economic R...

Standardized product classification systems play a major role for searching and comparing offered products on electronic markets. Especially in case of large multivendor product catalogs classified data becomes an important asset and success factor. The most known systems are UNSPSC and eCl@ss, however they are still developing, and new systems are emerging as well. Classification systems diffe...