The Internet allows for A2A commerce at an unprecedented scale; anyone can do business with anyone. The new markets made possible by the Internet bring with them new challenges. This paper presents a system for buyers in electronic markets to avoid bad sellers by modeling the reputation of a seller. The model proposed by Cohen and Tran [6] is extended to provide a method for the exchange of ind...

We model the availability of product information in Internet-based markets, and explain the underlying causes for the phenomenon of less than perfect information available to consumers of products and services in these markets. We use Salop’s model of product differentiation and explore the conditions under which sellers make horizontal information available to buyers. We demonstrate that under...

The Internet revolution brought about significant changes in the availability of market information to consumers in many industries. This research examines technology-driven changes in market transparency, defined as the ability of market participants to observe information about products and prices. The objective is to develop a modeling and empirical basis for a theory of market transparency ...

The pandemic resulting from COVID-19 disease has brought about an unprecedented crisis to tourism destinations, in almost complete shutdown of tourist flows. Whereas disaster recovery models focus on prevention and preparedness, the post-pandemic strategies are underexplored, particularly relation highly representative group small-scale businesses run by lifestyle entrepreneurs (TLEs). An integ...

With the wide-spread adoption of information technology and the global diffusion of GIS, a large volume of digital spatial data continues to accumulate. In the field of domestic air travel, aggregate data at a fine geographic resolution have become available. For instance, ever since the enactment of the Airline Deregulation Act of 1978, all large certified domestic air carriers conducting sche...

The objective of this work was to evaluate the innovation processes in tourist destinations using Quadruple Helix model and develop guidelines for building management strategies tourism sector destination organizations (DMO). article identifies drivers barriers reported by entrepreneurs industry Poland. analysis carried out relation 218 enterprises operating large cities as well small towns rur...

The Trading Agent Competition (TAC) is an open-invitation forum designed to encourage research into electronic markets and trading agents. In this paper we present the Socrates trading agent and the strategies that were developed for and used in the TAC Supply Chain Management game as part of the 2004 competition. The resulting behaviour and performance in the TAC competition as well as in a se...

In this paper, we extend field experiments of real money prediction markets to the problem of forecasting the success of a new product. We collect forecasts using a traditional survey mechanism and a market mechanism. Our results suggest that market prices summarize the information contained in survey forecasts and improve those forecasts by reducing the variability of the forecast. However, we...

Abstract This paper presents and discusses a number of criteria for the design and implementation of electronic market servers. It first briefly reviews a number of electronic markets currently operational over the internet then offers some ideas on the types of new markets that may become successful. It then presents the design criteria for market servers, necessary to support these virtual ma...