Search results for "Bidding"

Integrating Keyword Advertising and Dynamic Pricing for an Online Market Place

2014

Keyword Advertising is a main marketing instrument for e-commerce companies in order to generate traffic from search engines on their website. The costs for Keyword Advertising are determined in an auction that is conducted for every single search query, which is entered in by a user. In case of an online market place, each adlink provided by the search engine refers to an ordered list of products on the website of the online market place. Hereby, the price of the product is oftentimes one important criteria for the user when deciding for one or the other product from the list. However, existing models assume the price of products to be exogeneous. By taking into account the prices of linke…

Impact of Renewables in Spanish Electricity Markets

2021

El objetivo de la presente tesis es analizar el impacto de la introducción de las energías renovables en el sistema eléctrico español. El sistema eléctrico español es elegido como ejemplo paradigmático debido al intenso crecimiento observado en las renovables en los últimos años, en especial de energía eólica. Su contenido se estructura en 3 capítulos: En el primer Capitulo, ”Effects of renewable on the stylized facts of electricity prices”, se analiza el impacto de las renovables en el precio resultante de la subasta del mercado diario (también llamado precio spot) siendo objeto de estudio no solo el comportamiento del precio en niveles, sino también sus características principales, como …

Impact of Wind Electricity Forecasts on Bidding Strategies

2017

The change in the generation mix from conventional electricity sources to renewables has important implications for bidding behaviour and may have an impact on prices. The main goal of this work is to discover the role played by expected wind production, together with other relevant factors, in explaining the day-ahead market price through a data panel model. The Spanish market, given the huge increase in wind generation observed in the last decade, has been chosen for this study as a paradigmatic example. The results obtained suggest that wind power forecasts are a new key determinant for supply market participants when bidding in the day-ahead market. We also provide a conservative quanti…

Profiling Major Sport Event Visitors: The 2002 Commonwealth Games

2007

It has become common practice for governments and municipalities around the world to bid for the right to host a major sporting event. Prior to embarking on the bidding process, politicians attempt to determine whether such an event will be of value to their municipality; and often focus on the estimated economic consequences of hosting such an event. Frequently, studies are commissioned to predict the event's economic value. However, these studies often miscalculate the potential impact of sport event visitors as consumers. We argue that enhanced profiling of these visitors will enable a more accurate assessment of economic impact. The current research surveys 1,196 spectators of the 2002 …

Voluntary agreements in protecting privately owned forests in Finland — To buy or to lease?

2008

Abstract A voluntary conservation approach may reveal environmentally minded landowners who are willing to protect their lands with a compensation that is lower than the market price based compensation. Consequently, voluntary conservation programs may induce lower costs than traditional obligatory programs, such as a land taking. We compared the costs accrued from land purchasing with those from temporal land leasing. The costs included both direct costs, such as fees of land acquisition and compensation payments in land leasing, and transaction costs. We used a data set from a Finnish pilot program called Trading in Natural Values (TNV). In this new practice landowners and the authority t…

The Economic Impact of Visitors at Major Multi-sport Events

2005

Abstract This paper examines the economic impact of major multi-sport event on affected people. Their spending increases the economic benefit for the city and region staging the event. Therefore a theoretical differentiation of movements of persons affected by the event was done. A model was worked out to detect the regional primary economic impact through these people. This primary impact can be used in any model of economic impact analysis, such as input–output frameworks or multiplier theory. The complexities in considering the right persons and their spending are analysed and described in detail. A special focus is placed on the evaluation of opportunity costs on people that get crowded…

Bidding for Research Funds. Inter-Fields Differences and Predictors of the Evaluation Scores: Insights from a Romanian National Competition for Postd…

2021

This study sought to address an important gap in the existent knowledge about the development of the Romanian research system by looking at a very specific population of young scholars who participated in the national competition for postdoctoral grants (2016) which included over 900 participants. The paper is structured by two main research objectives. Firstly, the analysis if focused on differences between scientific fields by looking at research entities which host young scholars’ grant proposals, gender balance, young scholars’ academic performance measured through a standardized indicator (Google Scholar H index), share of people trained abroad, and information about the evaluation pro…

Shilling, Squeezing, Sniping. A further explanation for late bidding in online second-price auctions

2021

Abstract Several studies provide empirical evidence for sniping (i.e., waiting until the last few seconds to bid) in second-price internet auctions, particularly in auctions at eBay . This evidence was regarded as puzzling and an anomaly for an extended period: How could sniping be consistent with rational behaviour in second-price auctions, where theory predicts that bids’ timing plays no role and there is no incentive to bid less than one’s private value. An essential contribution to this puzzling issue has been the insight by Bose and Daripa (2017) that late bidding is itself a response to the shilling. Their paper explains well late bidding for repeating auctions. However, late bidding …

Europeans' willingness to pay for ending homelessness: A contingent valuation study.

2020

The purpose of this study is to assess the utility value European citizens put on an innovative social program aimed at reducing homelessness. The Housing First (HF) model involves access to regular, scattered, independent and integrated housing in the community with the support of a multidisciplinary team. Currently, HF is not implemented by most European countries or funded by healthcare or social plans, but randomised controlled trials have stressed significant results for improved housing stability, recovery and healthcare services use. The broader implementation of HF across Europe would benefit from a better understanding of citizens' preferences and "willingness to pay" (WTP) for med…

2013

This paper focuses on the contribution of mega events onto the development of a green economy at the event host location and discusses how to measure it. The promises of organizers usually are very ambitious but the question remains as to how realistic these claims are. This question will be addressed in three sections by using methods that are primarily analytical and critical rather than an empirical collection of data. The environmental sustainability of mega sport events is discussed and then a framework is developed to capture the green legacy and the basis for building up a green economy in all its dimensions. The main contribution mega events can make to developing a green economy at…