Abstract
In online auctions, sellers typically face two types of risks: 1) uncertainty regarding the success of an auction ("quantity related" risk), and, 2) uncertainty in the auction-ending price ("price related" risk). Prior literature has proposed measures to manage these risks, albeit individually rather than jointly. In this paper, we propose a risk management tool, drawn and developed from the concept of put options the enables sellers to manage both of these risks for online auction settings.
| Original language | English (US) |
|---|---|
| Title of host publication | WITS 2007 - Proceedings, 17th Annual Workshop on Information Technologies and Systems |
| Publisher | Social Science Research Network |
| Pages | 115-120 |
| Number of pages | 6 |
| State | Published - Jan 1 2007 |
| Event | 17th Workshop on Information Technologies and Systems, WITS 2007 - Montreal, QC, Canada Duration: Dec 8 2007 → Dec 9 2007 |
Other
| Other | 17th Workshop on Information Technologies and Systems, WITS 2007 |
|---|---|
| Country/Territory | Canada |
| City | Montreal, QC |
| Period | 12/8/07 → 12/9/07 |