Modeling Online Auctions

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  • Format: eBook
  • Copyright: 2010-05-01
  • Publisher: Wiley
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The new data challenges associated with online auctions motivate the need for clever statistical ideas and new statistical innovation in order to gain knowledge about bidders, sellers, prices, and a host of other questions of interest.In this book, the authors draw upon their experience of working with online auction data and introduce the reader to state-of-the-art statistical methodology for extracting new knowledge from online auction data.Rather than approach the topic from the traditional game-theoretic route, the authors treat the online auction mechanism as a new type of data generator, as well as use statistical and data mining methods to collect, explore, model, and forecast data that arises from online auction databases.Every effort is made to embellish cross-disciplinary fertilization between statistics, data mining, marketing, information systems, and economics and related fields.

Table of Contents

Online Auctions and Electronic Commerce
Online Auctions and Statistical Challenges
A Statistical Approach to Online Auction Research
The Structure of this Book
Data and Code Availability
Obtaining Online Auction Data
Collecting Data from the Web
Web Data Collection and Statistical Sampling
Exploring Online Auction Data
Bid Histories: Bids versus "Current Price" Values
Integrating Bid History Data With Cross-Sectional Auction Information
Visualizing Concurrent Auctions
Exploring Price Evolution and Price Dynamics
Combining Price Curves with Auction Information via Interactive Visualization
Exploring Hierarchical Information
Exploring Price Dynamics via Curve Clustering
Exploring Distributional Assumptions
Exploring Online Auctions: Future Research Directions
Modeling Online Auction Data
Modeling Basics (Representing the Price Process)
Modeling The Relation Between Price Dynamics and Auction Information
Modeling Auction Competition
Modeling Bid and Bidder Arrivals
Modeling Auction Networks
Forecasting Online Auctions
Forecasting Individual Auctions
Forecasting Competing Auctions
Automated Bidding Decisions
Table of Contents provided by Publisher. All Rights Reserved.

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