We demonstrate that auctioning market licenses may result in higher market prices than assigning them via more random allocation mechanisms. When future market pro…t is uncertain, winning an auction is like winning a lottery ticket. If …rms di¤er in risk attitudes, auctions select the least risk averse …rm, which, in turn, set a higher price (or a higher quantity, in case quantity is the decisi...

Airline ticket purchase timing is a strategic problem that requires both historical data and domain knowledge to solve consistently. Even with some historical information (often a feature of modern travel reservation web sites), it is difficult for consumers to make true cost-minimizing decisions. To address this problem, we introduce an automated agent which is able to optimize purchase timing...

E-tickets issued online can be used by different vendors to provide services such as discount coupons for E-shopping, or an entrance for a football game. One major issue associated with E-tickets is the problem of validation, which becomes more severe in a mobile environment due to mobility of a mobile host (MH) and frequent failure/disconnection of validation servers known as mobile support st...

cinema industry is one of the main elements of cultural development. development of cinema industry requires the identifying the various social, economic and cultural dimensions. this paper studies the economic characteristics of cinema in iran. in this regard, it is necessary to identify the determinants of demand for movies and their demand elasticities. the computed elasticities have useful ...

Southwest Airlines is the indisputable leader of the Low-Cost Airline industry in the United States. A product of deregulation, the expansion of its unique business model has been responsible for the substantial real price declines in consumer airfares since the 1980s. However, recent fuel price declines have had a significant impact on the industry and their impact on the low-cost sector today...

Email marketing has been an increasingly important tool for today’s businesses. In this paper, we propose a counting-process-based Bayesian method for quantifying the effectiveness of email marketing campaigns in conjunction with customer characteristics. Our model explicitly addresses the seasonality of data, accounts for the impact of customer characteristics on their purchasing behavior, and...

This paper presents a new digital-ticket circulating scheme and trust management scheme for a digital ticket. A digital ticket is a digital medium that guarantees certain rights of the owner and it includes software licenses, resource access tickets, event tickets, and plane tickets. The circulation of digital tickets comprises three types of principal transactions: issuance, transfer, and rede...

While the large number of publications on behavioral pricing and partly spectacular results suggest that it is easily possible to influence parameters in the consumers ́ price perception (for example, by providing price anchors as competitive prices, 99-price endings, information on a relative or absolute saving or information on availability of the prices by the suppliers), this empirical study...