Subject:
All Disciplines Arts & Humanities Biology & Life Sciences Business & Economics Chemistry & Materials Science Computer Science & Mathematics Engineering Environmental & Earth Sciences Medicine & Pharmacology Physical Sciences Public Health & Healthcare Social Sciences
Sort:
Hottest Latest Alphabetical (A-Z) Alphabetical (Z-A)
Type:
All Topic Review Biography
Topic Review
Vickrey Auction
A Vickrey auction is a type of sealed-bid auction. Bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins but the price paid is the second-highest bid. This type of auction is strategically similar to an English auction and gives bidders an incentive to bid their true value. The auction was first described academically by Columbia University professor William Vickrey in 1961 though it had been used by stamp collectors since 1893. In 1797 Johann Wolfgang von Goethe sold a manuscript using a sealed-bid, second-price auction. Vickrey's original paper mainly considered auctions where only a single, indivisible good is being sold. The terms Vickrey auction and second-price sealed-bid auction are, in this case only, equivalent and used interchangeably. When either a divisible good or multiple identical goods are sold in a single auction, however, these terms are used differently. In the case of multiple identical goods, the bidders submit inverse demand curves and pay the opportunity cost. Vickrey auctions are much studied in economic literature but uncommon in practice. Generalized variants of the Vickrey auction for multiunit auctions exist, such as the generalized second-price auction used in Google's and Yahoo!'s online advertisement programmes (not incentive compatible) and the Vickrey-Clarke-Grove Auction (incentive compatible).
  • 990
  • 04 Nov 2022
Topic Review
Venture Capital and IPO Underpricing
IPO underpricing refers to the phenomenon that the initial public offering price of a stock is significantly lower than the initial market closing price of the listing, and this phenomenon is widespread in the capital market. It is generally believed that information asymmetry is one of the main reasons for IPO underpricing. In order to make up for investors who are at an information disadvantage, stock issuers will actively reduce the issuance price of stocks to promote the successful issuance of the stocks. The majority of companies listed on ChiNext are high-technology companies with high growth potential, and a large number of empirical studies have shown that venture capital plays a role in signaling high-quality equity offerings in the corporate process. This is because venture capital plays a monitoring and certification role, which means venture capitalists can determine which R&D activities are more likely to be successful, and they can provide investors with accurate information about R&D investment and whether the information disclosed at the IPO is true.
  • 585
  • 09 Jul 2021
Topic Review
Vectoring & Fractalisation Of Fiscal Stress
Never before like pan global contagion pandemic COVID-19 has intensely up-regulated stress on the indo money-market domains.  Authors try to see the light at end of tunnel. Consider direct finance to consumers as the anti-dote; termed as fractalisation; vectoring; and granulation of stress. Heritage structure as cue and parable. Identify the internal causes of an obstinate stress causers and Ayurvedic sector as the green field opportunity.  
  • 742
  • 14 Jul 2020
Topic Review
Various Monetary Aggregates Impact on the Real Economy
Monetary policy elements in Romania were adjusted on the basis of volatility indicators for the annual inflation rate, which for August 2022 increased by 0.3% from the previous month’s level (from 13% to 13.3%). On the other hand, the influence of rising inflation through the consumer index and trade shocks was felt at the European level in the euro area, with the inflation rate reaching 10% in September 2022.
  • 177
  • 12 Dec 2023
Topic Review
Variables Related to Environmental Sustainability
Scholars have been concerned about the achievement of ecological sustainability due to the rapid degradation of the natural world. This pursuit involves the examination of the current condition of the environment, the identification of factors contributing to this degradation, and the implementation of corrective measures aimed at achieving environmental sustainability goals.
  • 213
  • 14 Nov 2023
Topic Review
Values of Cryptocurrencies Affected by COVID-19
Cryptocurrencies have become a popular economic and financial topic. When a cryptocurrency is defined as a digital currency, it is very different from a fiat currency because cryptocurrencies are not issued by any judicial body. Generally, a cryptocurrency does not have any original intrinsic value; however, it has an extrinsic value that is totally dependent on the expectation that future investors will be willing to pay for it in the cryptocurrency market. 
  • 367
  • 01 Apr 2022
Topic Review
Value-Free Analysis of Values
The Culture-Based Development (CBD) approach suggests that the value-free analysis of values needs: (i) to use positive methods to classify a value as local or universal; (ii) to examine the existence of what is termed the Aristotelian Kuznets curve of values (i.e., to test for the presence of an inflection point in the economic impact from the particular value) and (iii) to account for Platonian cultural relativity (i.e., the cultural embeddedness expressed in the geographic nestedness of the empirical data about values). In short, the value-free analysis of values is a novel methodological protocol that ensures an accurate and precise analysis of the impact from a particular cultural value on a specific socio-economic outcome of interest.  
  • 1.5K
  • 21 Dec 2020
Topic Review
Value Propositions for Small Fashion Businesses
Environmental problems at the global level have become a critical issue in today’s fashion industry. However, small-and medium-sized fashion business (SMFBs) encounter barriers in promoting green business owing to finances, professional expertise, knowledge, and technology. Therefore, innovative ideas are vital for SMFBs to effectively address constraints to compliance.
  • 2.4K
  • 28 Mar 2022
Topic Review
Value Innovation
Value innovation, as defined by Kim and Mauborgne, and Kim and Mauborgne, is making “the competition irrelevant by offering fundamentally new and superior buyer value in existing markets and by enabling a quantum leap in buyer value to create new markets”. The concept of value innovation is a summation of analytical outcomes from 150 strategic moves spanning more than 30 companies, worldwide, in approximately 30 industries, as well as a study for the business launched of approximately 100 companies to quantify the influence of value innovation on a company’s growth in revenues and profits. From a company perspective, Mohanty, Mele, Mele, Russo Spenaviewed value innovation as resource integration and superior competency development; meanwhile, Setijonodescribed value innovation as “creating stakeholder value through radical (disruptive)-attractive quality”, where the logic behind it is to provide a total solution, extraordinary experiences, and cost reduction through product, service, and delivery platforms.
  • 1.3K
  • 26 Oct 2021
Topic Review
Value Creation with Project Risk Management
The conceptual shift, from a traditional task perspective and a managerial approach to project risks toward a value-centric view, underlines the challenge of creating different forms of value for multiple project stakeholders. This emerging theme arises the need for a new holistic framework for value creation through Project Risk Management (PRM).
  • 61
  • 08 Feb 2024
  • Page
  • of
  • 166
Featured Entry Collections
>>

Featured Books

>>
Encyclopedia of Social Sciences
Encyclopedia of COVID-19
Encyclopedia of Fungi
Encyclopedia of Digital Society, Industry 5.0 and Smart City
Feedback