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 ...

In April 2020, Vietnam initiated a country-wide lockdown to curb the spread of COVID-19. This secondary data analysis evaluates whether NGO-supported households ( n = 3,431) reporting be severely impacted by lockdowns differ from those lesser impact, regarding food availability within and at markets affordability. 19.2% respondents indicated that pandemic had their livelihoods. group, there was...

Apis cerana Fab. is one of the popular honeybees species among beekeepers in Indonesia. This easy to care for and produces valuable honey products. Honey from A. abundantly available traditional modern markets The purpose this study was identify primary secondary metabolites produced by using FTIR-ATR Diamond spectroscopy. Twelve samples three provinces Java Island were used study. In general, ...

The article is devoted to the study of conceptual issues ensuring food and environmental security at global level. In modern conditions, problems its provision are becoming one most important particular relevance. World population growth rates that faster than rate agricultural production, as well declining trends in resources used produce staple foods, further exacerbate problem. risks threats...

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...

With the advent of the Internet, we have seen existing markets transform and new ones emerge. In this paper, we contribute to the understanding of this phenomenon by theorizing about the role that IT plays in affecting market information, transparency and market structure. In particular, we introduce a new theoretical framework which uncovers the process and the forces that, together with IT, f...

Low search costs in Internet markets can be used by consumers to find low prices, but can also be used by retailers to monitor competitors’ prices. This price monitoring can lead to price matching, resulting in dampened price competition and higher prices in some cases. This paper analyzes price data for 316 bestselling, computer, and random book titles gathered from 32 retailers between August...