The Future of e-Markets: Multidimensional Market Mechanisms by Martin Bichler

By Martin Bichler

Multidimensional public sale mechanisms is the recent pricing version for e-business. by way of 2002 Business-to-business web auctions are expected to arrive $52.6 billion, whereas dynamically priced transactions should be 27% of the price of business-to-business digital transactions. Combining economics with desktop technology this ebook is designed to empower company humans to use this new expertise for the layout, implementation and improve of digital markets. For execs, experts, dotcomers and know-how managers, in addition to researchers in economics, info structures, operations administration, desktop technology and observers of the e-Commerce phenomenon.

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The Future of e-Markets: Multidimensional Market Mechanisms

Multidimensional public sale mechanisms is the hot pricing version for e-business. by means of 2002 Business-to-business web auctions are envisioned to arrive $52. 6 billion, whereas dynamically priced transactions might be 27% of the price of business-to-business digital transactions. Combining economics with laptop technological know-how this booklet is designed to empower enterprise humans to use this new know-how for the layout, implementation and improve of digital markets.

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All available cars for a specified make and model are displayed in a table and can be sorted according to several attributes. Alternatives can be marked for elimination. The query interface also has sliders that enables users to specify ranges rather than point values for price, mileage, and distance between home location and the dealer. Each alternative has a link to the dealer’s web site. 1 Screenshot of the Excite ProductFinder. com> gives a comprehensive overview about various kinds of so-called web bots (commercial, search or shopping bots) and their URLs.

It requests an item’s price from each of nine different merchant web sites using the same request received from the consumer’s web browser. Although it was a limited prototype, BargainFinder offered many insights into the issues involved in price comparisons. For example, a third of the online merchants accessed blocked the price requests (see Guttman, Moukas and Maes, 1998 for a broader overview). Jango searches for products that meet specified criteria and displays hits within a table that permits extensive evaluation.

Traditional physical markets are often brokered by intermediaries or parties that facilitate market transactions by providing brokerage services. The role of third-party intermediaries, linking different parts of a value chain, has been covered extensively by researchers in economics and business. In the 1980s, the question was raised 15 16 The Future of eMarkets whether the future would hold a place for intermediaries, given that new technologies facilitated direct links between market players, such as manufacturers and the consumers of products, or businesses and their suppliers.

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