scholarly journals Strategic Implementation of 'Everyday Low Price' in Electronic Markets: A Study of Airline Pricing on the Internet

2009 ◽  
Author(s):  
Raymond G. Sin ◽  
Ramnath K. Chellappa ◽  
Sivaramakrishnan Siddarth
Keyword(s):  
Electronic Markets ◽  
The Internet ◽  
Airline Pricing ◽  
Strategic Implementation ◽  
Everyday Low Price

scholarly journals Airline Pricing, Price Dispersion, and Ticket Characteristics On and Off the Internet

2014 ◽  
Vol 6 (1) ◽  
pp. 272-307 ◽  
Author(s):  
Anirban Sengupta ◽  
Steven N. Wiggins
Keyword(s):  
Price Dispersion ◽  
Market Concentration ◽  
The Internet ◽  
Internet Shopping ◽  
Transaction Data ◽  
Airline Pricing ◽  
Load Factors ◽  
The Relationship

This paper uses transaction data to investigate the effects of Internet purchase on airline fares. Our data include ticket characteristics, restrictions, flight load factors, and dates and channel of purchase. Controlling for ticket and flight characteristics, online purchasers pay about 11 percent less than offline purchasers, which seems rooted in more efficient shopping. The results do not support a spillover in terms of reduced fares or dispersion from greater Internet shopping. The paper also uses the data to reevaluate the relationship between market concentration and fares, but fails to identify any statistically significant, robust relationship. (JEL D83, L11, L86, L93)

Electronic Markets and Multiagent Systems

2012 ◽  
pp. 56-71
Author(s):  
Alberto Sardinha ◽  
Ruy L. Milidiú
Keyword(s):  
Multiagent Systems ◽  
Research Work ◽  
Electronic Markets ◽  
Research Community ◽  
The Internet ◽  
Trading Agents ◽  
Intelligence Operations ◽  
Trading Agent ◽  
Research Questions ◽  
Delivery Options

As the Internet helps mediate millions of transactions in electronic markets, research work on automated trading agents is helping humans improve their trading objectives (e.g., finding lower prices and improving delivery options). This chapter presents an overview of the research work on trading agents in the context of the Trading Agent Competition. The Trading Agent Competition is an annual event where researchers are interested in the following research questions: (i) how to design trading agents, (ii) how to evaluate these trading agents, and (iii) how do trading agents affect electronic markets. This research community has produced many research results that are based on state-of-the-art techniques from artificial intelligence, operations research, statistics, and other relevant fields.

RANKING of the E-TRUST FACTORS in ELECTRONIC TRANSACTIONS in the CONTEXT of B2C E-COMMERCE (from the consumers point of view and by using Friedmans ranking method)

2014 ◽  
Vol 13 (8) ◽  
pp. 4767-4775
Author(s):  
Najafi Issa
Keyword(s):  
Electronic Markets ◽  
Point Of View ◽  
Security And Privacy ◽  
The Internet ◽  
Risk Environment ◽  
Online Trust ◽  
Traditional Markets ◽  
Building Trust ◽  
Electronic Transactions ◽  
Trust Factors

Today, a considerable amount of commercial transactions have appertained to the electronic transactions and electronic markets, aside from or versus the traditional markets, have attracted and collected a large number of buyers, distributers and sellers with the aim of exploring commercial opportunities for trading interactions and gaining more profit. The environment of electronic markets has inherited the risks and vulnerability for its infrastructure, i.e. the internet. This high risk environment complicates the process of building trust in transactions for transaction parties. The virtual and online nature of the new environment emphasizes the importance of the term online trust. The factors of online trust in different classes of e-commerce are different from each other depending on the type of transaction parties. In various studies the factors of trust in e-commerce transactions of type B2C have been identified and discussed. These factors can be classified in three groups of personal, corporate and trust context factors. In this research, after categorizing the electronic trust factors to five groups of personal, corporate, legal, contextual and infrastructural, and by collecting the necessary data from 10 e-commerce websites we have ranked the trust factors from the perspective of those websites customers. According to the opinions of the customers of those websites, the priority of electronic trust factors is mixed marketing factors and e-security and privacy policy factors.

Transaction Streams: Theory and Examples Related to Confidence in Internet-Based Electronic Commerce

2000 ◽  
Vol 15 (1) ◽  
pp. 3-16
Author(s):  
Brian Subirana ◽  
Patricia Carvajal
Keyword(s):  
Electronic Commerce ◽  
Opposite Effect ◽  
Insurance Industry ◽  
Electronic Markets ◽  
The Internet ◽  
Direct Link ◽  
Paper Briefly ◽  
Goods And Services

This paper analyses how transactions related to the exchange of goods and services are being performed on the Internet. The adoption of electronic markets in an industry has a disintermediation potential because it can create a direct link between the producer and the consumer (without the need for the intermediation role of distributors). Electronic markets lower the searches cost allowing customers to choose between more providers. This ultimately reduces both the costs for the customer and the profits for the producer. In this paper it is contended that electronic markets on the Internet have the opposite effect, resulting in an increase in intermediators. It introduces transaction streams which model how transactions are being conducted and helps explain the types of new intermediators that are appearing on the Internet. The mechanisms by which companies are exploring ways of extending transaction streams are also described. To illustrate the model, the paper briefly analyses transaction streams in the insurance industry and provides examples related to confidence in electronic commerce.

Agent-mediated electronic commerce: a survey

1998 ◽  
Vol 13 (2) ◽  
pp. 147-159 ◽  
Author(s):  
ROBERT H. GUTTMAN ◽  
ALEXANDROS G. MOUKAS ◽  
PATTIE MAES
Keyword(s):  
Artificial Intelligence ◽  
Electronic Commerce ◽  
Software Agents ◽  
Electronic Markets ◽  
The Internet ◽  
Buying Behavior ◽  
Future Directions ◽  
Artificial Intelligence Techniques ◽  
Marketing Models ◽  
Consumer Buying Behavior

Software agents help automate a variety of tasks including those involved in buying and selling products over the Internet. This paper surveys several of these agent-mediated electronic commerce systems by describing their roles in the context of a Consumer Buying Behavior (CBB) model. The CBB model we present augments traditional marketing models with concepts from Software Agents research to accommodate electronic markets. We then discuss the variety of Artificial Intelligence techniques that support agent mediation and conclude with future directions of agent-mediated electronic commerce research.

scholarly journals Trust in electronic markets

First Monday ◽  
1996 ◽  
Author(s):  
Joseph M. Reagle, Jr.
Keyword(s):  
Information Security ◽  
Electronic Commerce ◽  
Electronic Markets ◽  
The Internet ◽  
Specific Information

Relative to information security and electronic commerce, trust is a necessary component. Trust itself represents an evaluation of information, an analysis that requires decisions about the value of specific information in terms of several factors. Methodologies are being constructed to evaluate information more systematically, to generate decisions about increasingly complex and sophisticated relationships. In turn, these methodologies about information and trust will determine the growth of the Internet as a medium for commerce.

Electronic Data Interchange

2011 ◽  
pp. 397-402
Author(s):  
David Whiteley
Keyword(s):  
Value Chain ◽  
Business Processes ◽  
Electronic Markets ◽  
Electronic Data Interchange ◽  
Information And Communications Technology ◽  
The Internet ◽  
Electronic Data ◽  
Web Based ◽  
Data Interchange ◽  
Business To Consumer

The popular notion of e-commerce is a consumer interacting with a Web page to buy a book from Amazon or a ticket from Expedia. This is an important aspect of e-commerce, but the applications and technologies used in e-commerce are much wider than business-to-consumer e-commerce facilitated by the Internet and the World Wide Web. E-commerce is summarized by the phrase “doing business electronically,” and to that we should add the qualification that the business is conducted between the organization and some external party. E-commerce is defined by Wigland (1997, p. 5) as “…the seamless application of information and communications technology from its point of origin to its endpoint along the entire value chain of business processes conducted electronically and designed to enable the accomplishment of business goals.” This includes business-to-business transactions as well as business-to-consumer transactions, and does not presume the type of technology that is used to facilitate these transactions. There are authors that seek to define e-commerce in a way that limits the term to business transacted over the Internet, but this seems to be without merit: Did not transactions conducted using Minitel or Prodigy serve the same purpose as today’s Web-based transactions, and does not the development of m-commerce still come within the more general classifications of e-commerce and e-business? Whiteley (2000) suggests that e-commerce was facilitated by three technologies: electronic data interchange (EDI), electronic markets, and the Internet- (or e-shop) type facilities. EDI and electronic markets predate the e-shop model and, for the Encyclopedia of E-Commerce, E-Government, and Mobile Commerce, this article will concentrate on EDI.

scholarly journals Econometric analysis to estimate the impact of holidays on airfares

2013 ◽  
Vol 7 (2) ◽  
pp. 284-296 ◽  
Author(s):  
Helena Póvoa ◽  
Alessandro V. M. Oliveira
Keyword(s):  
Comparative Analysis ◽  
Data Model ◽  
Econometric Model ◽  
Air Transportation ◽  
Economic Liberalization ◽  
Panel Data Model ◽  
The Internet ◽  
Time Effects ◽  
Airline Pricing ◽  
The Impact

The number of air transportation passengers during the holidays in Brazil has grown notably since the late nineties. One of the reasons is greater competition in airfares made possible by economic liberalization. This paper presents an econometric model of airline pricing aiming at estimating the impacts of holiday periods on fares, with special emphasis on three-day holiday events. It makes use of a database with daily collected data from the internet between 2008 and 2010 for the major Brazilian city, São Paulo. The econometric panel data model employs a two-way error components "within" estimator, controlling for airline/airport-pair fixed effect along with quotation and departure months effects. The decomposition of time effects between quotation and departure month effects is the main methodological contribution of the paper. Results allow for a comparative analysis of the performance of São Paulo's downtown and international airports -respectively, Congonhas (CGH), and Guarulhos (GRU) airports. As a result, the price of tickets bought 60 days in advance for flights with two stops leaving from the downtown airport fell by most.

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