New Buyers’ Arrival under Dynamic Pricing Market Microstructure: The Case of Group-Buying Discounts on the Internet.

• Main Authors: KAUFFMAN, Robert John, Wang, B.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2001
• Subjects: Management Information Systems
• Online Access: https://ink.library.smu.edu.sg/sis_research/2780
• Institution: Singapore Management University

Dynamic pricing mechanisms occur on the Internet when buyers and sellers negotiate the final transaction price for the exchange of goods or services. These mechanisms are used in online auctions (e.g., eBay.com, uBid.com) and name-your-own-price (Priceline.com) formats, for example. The current rese...