Now showing items 21-30 of 83
Evaluating and Selecting Digital Payment Mechanisms
(1997)
The Internet is growing rapidly as a marketplace for the exchange of both tangible and information goods and services. Numerous payment mechanisms suitable for use in this marketplace are in various stages of development. ...
Bilateral Negotiation With Fees
(1999)
Bilateral negotiation over a single good or service is a fundamental problem for automated systems, and is surprisingly resistant to general solutions. In this paper we offer advice and new results for the design of ...
The Role of Responsive Pricing in the Internet
(MIT Press, 1996)
The recent introduction of user-friendly navigation and retrieval tools for the World Wide Web has triggered an unprecedented level of interest in the Internet among the media and the general public, as well as in the ...
Generalized Vickrey Auctions
(1994-07)
We describe a generalization of the Vickrey auction. Our mechanism extends the auction to implement efficient allocations for problems with more than one good, multiple units for the goods, and externalities. The primary ...
Returns to Human Capital under the Communist Wage Grid and During the Transition to a Market Economy
(1999-10-01)
Under communism, workers had their wages set according to a centrally-determined wage grid. In this paper we use new micro data on men to estimate returns to human capital under the communist wage grid and during the ...
One Size Doesn't Fit All: Improving Network QoS Through Preference-driven Web Caching
(1999-08)
In order to combat Internet congestion Web caches use replacement policies that attempt to keep the objects in a cache that are most likely to get requested in the future. We adopt the economic perspective that the objects ...
Diverging Populations and Endogenous Growth in a Model of Meaningless Trade
(Blackwell Publishers Ltd, 1999-08)
Automated Strategy Searches in an Electronic Goods Market: Learning and Complex Price Schedules
(ACM Press, 1999-11)
In an automated market for electronic goods new problems arise that have not been well studied previously. For example, information goods are very flexible. Marginal costs are negligible and nearly limitless bundling and ...
The Dissemination of Culture
(Sage Periodicals Press, 1997)
Despite tendencies toward convergence, differences between individuals and groups continue to exist in beliefs, attitudes, and behavior. An agent-based adaptive model reveals the effects of a mechanism of convergent social ...