dc.contributor.author | Markopoulos, Panos M. | en |
dc.contributor.author | Kephart, J. O. | en |
dc.creator | Markopoulos, Panos M. | en |
dc.creator | Kephart, J. O. | en |
dc.date.accessioned | 2019-04-22T05:53:03Z | |
dc.date.available | 2019-04-22T05:53:03Z | |
dc.date.issued | 2002 | |
dc.identifier.uri | http://gnosis.library.ucy.ac.cy/handle/7/46349 | |
dc.description.abstract | The price information that shopbots provide to buyers is clearly valuable, as it enables them to make a better informed choice of product and vendor. We quantify the value of this price information to the buyer in terms of the price dispersion and the buyer's brand preferences, and consider scenarios in which the buyer pays a seller, a shopbot, or some other third party for price information. As an illustration, we compute the value of price information of well known retailers in online book markets, using data on price dispersion and brand preferences reported by Smith and Brynjolfsson, finding that information about a book's price can be about 6% to 10% as valuable as the book itself. | en |
dc.language.iso | eng | en |
dc.publisher | Association for Computing Machinery | en |
dc.source | Proceedings of the International Conference on Autonomous Agents | en |
dc.subject | Information analysis | en |
dc.subject | Marketing | en |
dc.subject | Websites | en |
dc.subject | Sales | en |
dc.subject | Shopbots | en |
dc.subject | Brand | en |
dc.subject | Information services | en |
dc.subject | Information value | en |
dc.subject | Multi agent systems | en |
dc.subject | Price dispersion | en |
dc.subject | Product development | en |
dc.subject | Telecommunication services | en |
dc.title | How valuable are shopbots? | en |
dc.type | info:eu-repo/semantics/conferenceObject | |
dc.identifier.doi | 10.1145/545056.545060 | |
dc.description.startingpage | 1009 | |
dc.description.endingpage | 1016 | |
dc.author.faculty | Σχολή Οικονομικών Επιστημών και Διοίκησης / Faculty of Economics and Management | |
dc.author.department | Τμήμα Διοίκησης Επιχειρήσεων και Δημόσιας Διοίκησης / Department of Business and Public Administration | |
dc.type.uhtype | Conference Object | en |