Skip to main content

Reactivity in Online Auctions

  • Conference paper
Current Trends in Database Technology – EDBT 2006 (EDBT 2006)

Part of the book series: Lecture Notes in Computer Science ((LNISA,volume 4254))

Included in the following conference series:

Abstract

Interactive computer systems, that is, systems in which users cyclically interact by getting and providing information, have already a widespread and increasing use in all areas of our society. One characteristic of such systems is that the user behavior affects the system behavior and vice-versa. There is strong evidence that much of the user behavior is reactive, that is, the user reacts to the instantaneous conditions at the action time. This paper presents the reactivity concept and describes a framework to model it in interactive systems, in particular Internet-based systems. We analyze an online auction within the framework. Based on eBay data, we identify attributes that affect the winner bidders’ behavior, such as the auction time to finish. This paper presents the first findings towards the formal description and understanding of reactivity patterns in an e-commerce application, which will be useful in improving the application and building novel mechanisms.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Lucking-Reiley, D.: Using field experiments to test equivalence between auction formats: Magic on the internet. American Economic Review 89(5), 1063–1080 (1999), available at: http://ideas.repec.org/a/aea/aecrev/v89y1999i5p1063-1080.html

  2. Bajari, P., Hortacsu, A.: The winner’s curse, reserve prices, and endogenous entry: Empirical insights from ebay auctions. RAND Journal of Economics 34(2), 329–355 (2003), available at: http://ideas.repec.org/a/rje/randje/v34y2003i2p329-55.html

    Google Scholar 

  3. Gilkeson, J.H., Reynolds, K.: Determinants of internet auction success and closing price: An exploratory study. Psychology & Marketing 20(6), 537–566 (2003)

    Article  Google Scholar 

  4. Resnick, P., Zeckhauser, R.: Trust among strangers in internet transactions: Empirical analysis of ebay’s reputation system. In: The Economics of the Internet and E-Commerce, pp. 127–157. Elsevier Science B, Amsterdam (2002)

    Chapter  Google Scholar 

  5. Ba, S., Pavlou, P.A.: Evidence of the effect of trust building technology in electronic markets: Price premiums and buyer behavior. MIS Quarterly 26(3) (2002)

    Google Scholar 

  6. Roth, A., Ockenfels, A.: Last-minute bidding and the rules for ending second-price auctions: Evidence from ebay and amazon auctions on the internet. American Economic Review 92(4), 1093–1103 (2002)

    Article  Google Scholar 

  7. Bapna, R., Goes, P.B., Gupta, A., Jin, Y.: User heterogeneity and its impact on electronic auction market design: An empirical exploration1research essays. MIS Quarterly 28(1) (2004)

    Google Scholar 

  8. Bapna, R., Goes, P.B., Gupta, A.: Replicating online yankee auctions to analyze auctioneers’ and bidders’ strategies. Information Systems Research 14(3), 244–268 (2003)

    Article  Google Scholar 

  9. Anderson, S., Friedman, D., Milam, G., Singh, N.: Seller strategies on ebay. Industrial Organization 0412004, Economics Working Paper Archive EconWPA (2004), available at: http://ideas.repec.org/p/wpa/wuwpio/0412004.html

  10. Kauffman, R., Wood, C.: Why does reserve price shilling occur in online auctions? In: International Conference on Electronic Commerce (ICEC 2003), Pittsburg, PA (2003)

    Google Scholar 

  11. Pereira, A., Franco, G., Silva, L., Meira Jr., W., Santos, W.: The usar characterization model. In: Proceedings of the IEEE 7th Annual Workshop on Workload Characterization (WWC-7), Austin, Texas, USA. IEEE Computer Society, Los Alamitos (2004)

    Google Scholar 

  12. Pereira, A., Silva, L., Meira Jr., W., Santos, W.: Assessing the impact of reactive workloads on the performance of web applications. In: ISPASS-2006: IEEE International Symposium on Performance Analysis of Systems and Software, Austin, TX, USA. IEEE Computer Society, Los Alamitos (2006)

    Google Scholar 

  13. Widom, J., Ceri, S.: Active Database Systems: Triggers and Rules For Advanced Database Processing. Morgan Kaufmann, San Francisco (1996)

    Google Scholar 

  14. Paton, N.W. (ed.): Active Rules in Database Systems. Springer, New York (1999)

    MATH  Google Scholar 

  15. Bry, F., Patranjan, P.L.: Reactivity on the web: paradigms and applications of the language xchange. In: SAC 2005: Proceedings of the 2005 ACM symposium on Applied computing, pp. 1645–1649. ACM Press, New York (2005)

    Chapter  Google Scholar 

  16. Facca, F.M., Ceri, S., Armani, J., Demaldé, V.: Building reactive web applications. In: WWW 2005: Special interest tracks and posters of the 14th international conference on World Wide Web, pp. 1058–1059. ACM Press, New York (2005)

    Chapter  Google Scholar 

  17. Ceri, S., Daniel, F., Demaldé, V., Facca, F.M.: An approach to user-behavior-aware web applications. In: Lowe, D.G., Gaedke, M. (eds.) ICWE 2005. LNCS, vol. 3579, pp. 417–428. Springer, Heidelberg (2005)

    Chapter  Google Scholar 

  18. Lopomo, G.: Optimality and robustness of the english auction. Working Papers 95-03, New York University, Leonard N. Stern School of Business, Department of Economics (1995), available at: http://ideas.repec.org/p/ste/nystbu/95-03.html

  19. David, E., Azoulay-Schwartz, R., Kraus, S.: Bidders’ strategy for multi-attribute sequential english auction with a deadline. In: AAMAS 2003: Proceedings of the second international joint conference on Autonomous agents and multiagent systems, pp. 457–464. ACM Press, New York (2003)

    Chapter  Google Scholar 

  20. EBay: eBay, Inc. (2005), http://www.ebay.com/

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2006 Springer-Verlag Berlin Heidelberg

About this paper

Cite this paper

Pereira, A., Mourão, F., Góes, P., Meira, W. (2006). Reactivity in Online Auctions. In: Grust, T., et al. Current Trends in Database Technology – EDBT 2006. EDBT 2006. Lecture Notes in Computer Science, vol 4254. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11896548_69

Download citation

  • DOI: https://doi.org/10.1007/11896548_69

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-46788-5

  • Online ISBN: 978-3-540-46790-8

  • eBook Packages: Computer ScienceComputer Science (R0)

Publish with us

Policies and ethics