Pricing in electronic markets and networks
Pricing in electronic markets and networks
复制标题
电子市场和网络的定价
作者:
Martin Spann;A. Herrmann;David Sprott
Electronic media have tremendously changed the opportunities and challenges associated with making pricing decisions. The interactive nature of information and communication technology has encouraged the use of interactive pricing mechanisms whereby the price is not solely determined by the seller, but rather developed through the interaction between sellers and buyers (Kannan and Kopalle 2001). Such interactive pricing mechanisms are now frequently used in B2B transactions, such as in procurement auctions (Jap 2003), the selling of advertisements in search engines via the generalized second-price auction (Edelman et al. 2007), or in B2C and C2C transactions, such as the ones seen on eBay (Bajari and Hortacsu 2003). Electronic markets increase price transparency and thereby limit seller’s ability to price discriminate (Bakos 1997). For example, shopbots allow consumers to easily compare prices from different retailers and to discuss and exchange such price information with other consumers in shopping communities or via social networks (Brynjolfsson and Smith 2000; Hinz and Spann 2008). While such information sharing is likely to improve consumer decision making, having this much pricing information may overload consumers’ ability to adequately process the information and make proper use of it in their decision making (Spann and Tellis 2006). The goal of this section was to increase our understanding of pricing phenomenon in electronic markets and networks. The call for papers generated a total of 11 submissions, which went through a double-blind review process. Of these submissions, five papers were positively evaluated by the reviewers and were eventually accepted for this section.