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Vehicle-to-Everything (V2X) communications are constrained by both 3GPP technical specifications, as well as by country-specific spectrum regulations. The world’s largest economies, such as the USA, EU and China have self-imposed regulations regarding the specific bandwidths and central spectrum frequencies where both safety and non-safety related...
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Online auction is the most recent crazes on the internet where people can either offer junk, antiques or collects item for sale to anyone who is interested in bidding on them. People who do not have money or intention of buying an item for auction can indulge in fraudulent bids as well as clone artists selling their own fraudulent items. Despite th...
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Despite the existence of several studies on collectibles, the rare coin market is still underexplored. This paper examines this market with a sample of 5553 Spanish columnarios (1732–1772) auctioned from 1992 to 2021, investigating the key factors influencing auction prices using a dataset with an extensive number of covariates. Traditional hedonic...
Preprint
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Noncooperative multi-agent systems often face coordination challenges due to conflicting preferences among agents. In particular, agents acting in their own self-interest can settle on different equilibria, leading to suboptimal outcomes or even safety concerns. We propose an algorithm named trading auction for consensus (TACo), a decentralized app...
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The majority of online marketplaces offer promotion programs to sellers to acquire additional customers for their products. These programs typically allow sellers to allocate advertising budgets to promote their products, with higher budgets generally correlating to improve ad performance. Auction mechanisms with budget pacing are commonly employed...
Article
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A widely studied typical mobile edge computing (MEC) system consists of a cloud server, several edge servers, and some user equipment. Each MEC system is also referred to as a cell. In a multi-cell network, there are several different cells, and the cloud servers in different cells can be connected. In this paper, we consider the problem of offload...
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Online advertising platforms often face a common challenge: the cold start problem. Insufficient behavioral data (clicks) makes accurate click-through rate (CTR) forecasting of new ads challenging. CTR for "old" items can also be significantly underestimated due to their early performance influencing their long-term behavior on the platform. The co...
Preprint
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The exchange of rebates for formulary positions is conceptualized as a multi-round combinatorial position auction. This paper develops a linear assignment model of the winners' determination equation of this auction where the bases are net unit prices after unit rebates and expected demand.
Article
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Securing transportation services is crucial for supply chain management (SCM), as it constitutes the most significant expense within this domain. Implementing an effective bid generation strategy in combinatorial auctions (CAs) as a procurement mechanism to secure these services is vital for enhancing SCM efficiency. This study presents an advanced...
Article
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Auction is a method of selling goods or services conducted through an open bidding process, which is strictly regulated in Indonesia by laws and regulations, including the Minister of Finance Regulation No. 27/PMK.06/2016. In implementing auctions, the auction minutes act is important as an authentic document that records the auction process and it...
Article
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Auction is basically an act of buying and selling, where there are elements of price and goods, the difference is that the auction requires the presence of an auction official, with the stipulation of PMK 122/2023 concerning the implementation of electronic auctions, the auction can be carried out without the presence of an auction official, with t...
Article
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AN EIGHTEENTH-CENTURY porcelain ceramic snuff box came up for sale at a leading auction house in London in 2012. This box had been previously attributed to the Italian factory of Doccia, but at this sale, based on the shape of the box and a scan of the glaze acquired using a handheld X-ray fluorescence (XRF) analyzer, the item was reattributed to...
Article
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We propose display slot auction mechanisms for brick-and-mortar retail stores under both single- and multiple-period settings to determine true market values for a currently private space. The proposed mechanisms belong to the first-price package auction family, and, unlike traditional auctions, consider not only the bid values in determining alloc...
Article
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This research discusses the legal protection for auction winners whose items are still held by the debtor, analyzed based on Law Number 4 of 2004 on Auctions. An auction is one way to enforce creditors' rights against debtors who cannot fulfill their obligations. In this study, the author examines the provisions in Law Number 4 of 2004, and the app...
Article
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Parate Executive or direct execution, namely the execution of mortgage rights, which is carried out by selling the object of the mortgage right by the first mortgage holder on his power through a public auction and taking the debt payment from the sale proceeds. Protection of mortgage auction has been carried out in a preventive manner by the State...
Article
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This research was conducted to analyze and see how the law complies with the concept of gold pawn financing at bank syariah Indonesia Region l Aceh. In the statutory regulations,the sales process and remaining sales of gold pawn financing collateral objects as well as form of legal protection for gold pawn debtors at bank syariah indonesia Region l...
Article
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Purpose-The literature on the potential benefits of art investing has yet to consider the effects of categorizing world regional art markets (e.g. Latin American art) by artistic styles or movements (e.g. Latin American surrealism, Latin American conceptual art, etc.). We propose that such categorization should be carried out and analyze the Latin...
Article
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The need for housing has now become mandatory. The credit scheme will make it easier for everyone to own a house by guaranteeing the legality of land rights burdened with mortgage rights. However, not everyone who has applied for credit always complies with the terms agreed in the Credit Agreement. One example is a debtor who breaks his promise or...
Article
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This study aims to determine whether the service quality of internet-based auctions (e-Auction) has an impact on the satisfaction of auction applicants at KPKNL Metro. The research design used is a quantitative approach. The results show that the service quality of internet-based auctions (e-Auction) has a significant effect on the satisfaction of...
Article
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The purpose of this research is to analyze the legal protection provided to buyers who purchase collateral objects sold at auction, as well as to explore the legal challenges faced by buyers in acquiring rights to these objects. The main focus of this research is to understand how the legal system provides protection for buyers. This study uses a q...
Preprint
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Differentiable economics, which uses neural networks as function approximators and gradient-based optimization in automated mechanism design (AMD), marked a significant breakthrough with the introduction of RegretNet \citep{regretnet_paper}. It combines the flexibility of deep learning with a regret-based approach to relax incentive compatibility,...
Article
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The execution of mortgage collateral auctions often encounters legal obstacles when the object of collateral provided by the debtor is under dispute. Such conditions pose significant challenges to the legal protection of creditors, particularly in their efforts to secure debt repayment through auction mechanisms. Disputes over the collateral freque...
Article
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The auction process in the fiduciary guarantee execution system is integral to resolving debt-debt disputes involving movable goods collateral. This research aims to analyze the legal aspects related to implementing auctions in the execution of fiduciary guarantees, which refers to the provisions of Law No. 42/1999 on Fiduciary Guarantees. The main...
Preprint
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We study the problem of online learning in Stackelberg games with side information between a leader and a sequence of followers. In every round the leader observes contextual information and commits to a mixed strategy, after which the follower best-responds. We provide learning algorithms for the leader which achieve $O(T^{1/2})$ regret under band...
Article
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This study aims to analyze the authority of a notary as a class II auction official in providing legal counseling related to the auction minutes deed they create. This research focuses on understanding the notary's role in ensuring that the parties involved in the auction gain a clear legal understanding of their rights and obligations and provide...
Article
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We study the market quality of Italian sovereign bonds during the COVID-19 pandemic, revealing its direct impact (represented by COVID-19 hospitalizations) and its indirect impact (channeled by the ECB monetary policy) on heightened volatility and deteriorated liquidity conditions during the first COVID-19 wave. We also uncover an additional channe...
Preprint
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This work addresses the inherent issues of high latency in blockchains and low scalability in traditional consensus protocols. We present pod, a novel notion of consensus whose first priority is to achieve the physically optimal latency of one round trip, i.e., requiring only one round for writing a new transaction and one round for reading it. To...
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Replication is an alternative construct to recursion for describing infinite behaviours in the pi-calculus. In this paper we explore the implications of including type-level replication in Multiparty Session Types (MPST), a behavioural type theory for message-passing programs. We introduce MPST!, a session-typed multiparty process calculus with rep...
Article
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The global art auction market has long been dominated by two major auction houses, Christie's and Sotheby's, whose global networks and expertise in high-end art transactions have established their leading position. However, in recent years, the rise of the Chinese market has injected new vitality into the global art auction landscape. Although loca...
Conference Paper
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serving as a pivotal trading platform for brokers. This study aims to identify and analyze the key factors influencing the quantity of tea sold by brokers at Sri Lankan tea auctions. The secondary data such as sold tea quantity, tea auction prices, production quantity, export quantity, exchange rates, and inflation rates were collected on a monthly...
Article
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A competitive auction consists of a public sale managed by a second manager, where sellers and buyers exchange assets as specified in mutual documents. According to the provisions of Article 38(c) of the Financial Regulation No. 4662; these officials cannot purchase goods directly or indirectly in their presence, in accordance with the Secondary Of...
Preprint
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Large Language Models (LLMs) can perform zero-shot learning on unseen tasks and few-shot learning on complex reasoning tasks. However, resource-limited mobile edge networks struggle to support long-context LLM serving for LLM agents during multi-round interactions with users. Unlike stateless computation offloading and static service offloading in...
Article
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In a two-player zero-sum graph game, the players move a token throughout a graph to produce an infinite play, which determines the winner of the game. Bidding games are graph games in which in each turn, an auction (bidding) determines which player moves the token: the players have budgets, and in each turn, both players simultaneously submit bids...
Preprint
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This study explores the design of an efficient rebate policy in auction markets, focusing on a continuous-time setting with competition among market participants. In this model, a stock exchange collects transaction fees from auction investors executing block trades to buy or sell a risky asset, then redistributes these fees as rebates to competing...
Preprint
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In this paper, we introduce and implement BRC20 sniping attack. Our attack manipulates the BRC20 token transfers in open markets and disrupts the fairness among bidding participants. The long-standing principle of ``highest bidder wins'' is rendered ineffective. Typically, open BRC20 token markets rely on Partially Signed Bitcoin Transactions (PSBT...
Article
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In the equilibrium of a game, no player has an incentive to unilaterally deviate from equilibrium play. At the same time, players may have no positive incentive to follow equilibrium when every other player follows equilibrium, e.g., as in a mixed-strategy Nash equilibrium. This paper concerns the incentives of players to follow equilibrium in sequ...
Article
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Purpose of Review This paper focuses on providing an overview of recent research relevant to the sustainable development of energy systems and the integration of renewable energy sources, with a particular emphasis on investment, operations of the energy system with renewable resources, and decarbonization tools. Recent works on renewable energy au...
Article
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Partindo da análise acerca da necessidade de transformação da administração pública, no que concerne a transparência e agilidade de suas ações, nota-se o quão essencial torna-se o uso de artifícios que possibilitem, constantemente, o desenvolvimento processual. Dessa forma, é de grande importância compreender os métodos que compõem as atividades ut...
Preprint
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Motivated by the strategic participation of electricity producers in electricity day-ahead market, we study the problem of online learning in repeated multi-unit uniform price auctions focusing on the adversarial opposing bid setting. The main contribution of this paper is the introduction of a new modeling of the bid space. Indeed, we prove that a...
Article
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Industry 4.0 has transformed manufacturing with the integration of cutting-edge technology, posing crucial issues in the efficient task assignment to multi-tasking robots within smart factories. The paper outlines a unique method of decentralizing auctions to handle basic tasks. It also introduces an improved variant of the improved Binary Particle...
Preprint
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Recent literature highlights the advantages of implementing social rules via dynamic game forms. We characterize when truth-telling remains a dominant strategy in gradual mechanisms implementing strategy-proof social rules, where agents gradually reveal their private information while acquiring information about others in the process. Our first cha...
Article
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Introduction The novel object test is one of the three most common fear tests in veterinary science and employed in several different species. Although having been applied in several different studies in horses, it is surprising that there is no standardized test procedure available for these kinds of tests. Methods This study investigated the per...
Article
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The paper investigates how online platforms achieve legitimacy in the context of art securitization. Art securitization platforms are new ventures in the art market that leverage blockchain technology to enable fractional ownership of art, thereby increasing liquidity and accessibility for online investors. While traditional art market intermediari...
Article
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Environmental sustainability and fairness in auction systems are becoming increasingly important as systems evolve with the integration of digital technologies. This paper introduces a novel demand-supply matchmaking (DSM) framework designed to improve fairness and sustainability in auction environments, aligning with the principles of the circular...
Article
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The communist period (especially the 1970s and 1980s) was a time of great economic difficulties for Poland. In the cultural sphere, the country, which belonged to the Eastern Bloc, was strictly controlled by the party authorities and censorship. However, people felt they wanted something different – mainly Western goods. American pop culture infilt...
Method
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Online retail has transcended static web pages and simple price comparisons. In this era of AI-powered commerce, sophisticated systems interpret user queries, orchestrate real-time auctions across multiple vendors, and deliver hyper-personalized recommendations at extraordinary speeds. This paper explores how these systems work by drawing on machin...
Preprint
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Counterfactual estimators are critical for learning and refining policies using logged data, a process known as Off-Policy Evaluation (OPE). OPE allows researchers to assess new policies without costly experiments, speeding up the evaluation process. Online experimental methods, such as A/B tests, are effective but often slow, thus delaying the pol...
Preprint
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This paper addresses a charging-station company (Chargco) for electric and hydrogen vehicles. The optimal trading of the Chargco in day-ahead and intraday auction markets for electricity is modeled as a stochastic Mixed-Integer Quadratic Program (MIQP). We propose a series of linearization and reformulation techniques to reformulate the stochastic...
Article
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The main objective of this research is to analyse and explain the regulation and mechanism for the implementation of the execution of evidence of excise crimes legally carried out in the Bogor Regency District Attorney's Office and to analyse and explain the authority of the Prosecutor in the implementation of the execution of evidence of excise cr...
Preprint
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The problem of a single point of failure in centralized systems poses a great challenge to the stability of such systems. Meanwhile, the tamperability of data within centralized systems makes users reluctant to trust and use centralized applications in many scenarios, including the financial and business sectors. Blockchain, as a new decentralized...
Article
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This reasearch discuss the financial management of fish traders at the Fish Auction Place in Lumpur. The aim of this study is to analyze the financial management practices applied by fish traders, as well as the factors that influence the efficiency of their financial management. The reasearch method used is descriptive qualitative, collecting data...
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Mathematics learning using the correct Model and approach is important. This is due to the lack of in-depth understanding of mathematical concepts. This qualitative descriptive study uses the Gravemeijer & Cobb Design Research Method. The study was designed to prove the truth of the assumptions that have been written in the learning trajectory or H...
Article
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A little over 200 years ago, an anonymous 18th-century herbarium was bought at auction by the National Library in The Hague, the Netherlands. Until recently, nobody knew where this herbar-ium originated, with its carefully dried plant specimens accompanied by ornamental urns and garbled names. In 1868, it was handed over to the National Herbarium,...
Preprint
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Today, many auctions are carried out with the help of intermediary platforms like Google and eBay. We refer to such auctions as platform-assisted auctions.Traditionally, the auction theory literature mainly focuses on designing auctions that incentivize the buyers to bid truthfully,assuming that the platform always faithfully implements the auction...
Preprint
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We present a model of a second-price, sequential auction with a dynamic population of bidders and endogenous participation that allows us to study how the size of the auction, i.e., the number of lots sold, affects participation and expected prices. In the model, a risk-neutral seller sells a fixed number of objects through a series of second-price...
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A prominent feature of the Brazilian Oil Lease auctions is the "money on the table" left by Petrobras, the state controlled company that for decades held the monopoly of exploiting petroleum in Brazil's territory; the expression refers to the fact that Petrobras' bids are substantially higher than the bids of its competitors. Brasil and Postali (20...
Article
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This article aims to understand the impact, application, and limitations of game theory on microeconomics and macroeconomics in economics. Game theory outlines the situation where players make rational decisions in order to surpass their opponents. Game theory plays a crucial role in the buying and selling parties in different markets. This article...
Article
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Trademarks are included in the Intellectual Property Rights (IPR) regime in Indonesia because trademark rights are always attached to economic rights. This study uses a normative method by collecting secondary data. Qualitative analysis was carried out on secondary data to obtain conclusions about the Nyonya Meneer brand as an intangible asset owne...
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The public auction process for immovable property is a legal procedure employed to invalidate the rights of original owners who have breached a contract. Banks will liquidate distressed assets when a borrower defaults on their mortgage. A significant knowledge gap exists about the auction processes for immovable property in Malaysia. This study see...
Article
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Package auctions, a mechanism for resource allocation, allow bidders to submit offers on combinations of goods, capturing the intrinsic synergies between items. These auctions play a pivotal role in centralized clearinghouses, particularly within sectors characterized by complex transactions, such as financial markets and logistics. However, the im...
Article
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This research paper seeks to understand the applicability of Game Theory with respect to its impact on strategic decision-making processes relating to financial management in markets. The game theory outlines the situation of players making rational decisions in order to outdo each other, it has become vital in the world of finance to analyse the m...
Article
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While tradable green certificates (TGCs) and carbon emission trading (CET) play key roles in achieving peak carbon and carbon neutrality, the coupling effects between these two policies on the medium- and long-term electricity market and the spot market are still uncertain. In this study, we firstly construct a multi-scale market trading framework...
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It is time for faithful and trustworthy world leaders to lead in establishing a “Global Cap-and-Trade regulatory framework” to change our course promptly. This framework aims to establish an institutional mechanism that ensures steadily decreasing global emission limits. The Scheme regulates upstream entities that import or produce fossil fuels, wi...
Article
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This research deviates from usual studies in auction literature primarily focused on maximizing expected revenue. Instead, we concentrate on the strategic design of discrete Dutch auctions in the context of bidder emotional attachment, wherein valuations follow a lognormal distribution. Our objective is to attain an optimal balance between the auct...
Article
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The Mangrove Forest of Kampung Sejahtera in Bengkulu City has a strategic location and abundant resources that can be developed into an alternative natural tourist destination. However, this area is not without threats. Therefore, a tourism development strategy should be formulated, taking into account the potential tourism resources and the percep...
Article
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The Comprehensive English Course (CEC) plays a vital role in English language learning for college students in China. However, students’ motivation for this course is low due to the fact that they are bored with the instructivist-based teaching environment. This paper first reviews the theories of Constructivism, and then demonstrates how to apply...
Article
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Small and medium-sized enterprises (SMEs) make a significant contribution to the economy and can reduce the unemployment rate. To improve their success, SMEs often need outside support, such as venture capital or other sources of financing. For governments, private investors, and banks to provide financial support, it is important to identify relev...
Article
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This paper presents a customized local energy trading approach using a comprehensive set of performance indices (i.e. Community Savings, Self-Consumption, Self-Sufficiency, Fairness Index, Individual Household Savings) for evaluation of the trading practices. The simulations performed on historical data sets compared dispatch mechanisms based on Mi...
Article
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Art has become an important new investment vehicle. Thus, interest is growing in art price prediction as a tool for assessing the returns and risks of art investments. Both traditional statistical methods and machine learning methods have been used to predict art prices. However, both methods incur substantial human costs for data preprocessing for...
Article
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The article analyses efficiency in the public procurement process in Brazil, considering the constraints of institutional maturity under the laws governing the matter. The analysed practices include modalities established by law, such as Reverse Auction (Pregão), Competitive Bidding, and Competitive Dialogue. The article identifies the models most...
Article
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The decline in the customer's business triggers non-performing financing where the customer is not good at managing his business so that he cannot fulfill his obligations to pay existing financing, and the lack of prudence in analyzing customer data is also a negligence for the bank so that it increases the amount of non-performing financing every...
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This study analyzes the validity of used goods auction practices through social media Facebook from the perspective of Islamic law, focusing on the existence of elements of gharar (unclarity) and tadlis (fraud). The author uses a qualitative research method with an empirical approach to understand social problems or human problems based on the crea...
Article
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A practice that is widespread in banking, credit collateral is material in the form of land. In credit agreement practice, defaults often occur, therefore collateral is needed, so that credit agreements gain trust and have high economic value. In this writing, the author aims to find out the legal certainty of creditors regarding collateral in the...
Article
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Website lelang Breeder Koi adalah salah satu yang mengalami masalah tersebut. Website lelang Breeder Koi merupakan salah satu website lelang ikan koi yang mulai aktif pada 2019. Permasalahan pada website Breeder Koi adalah kesulitan admin yang akan melakukan pemeriksaan data lelang dari ukuran ikan koi tertentu. Hal ini dimaksudkan agar saat proses...
Article
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Chili auction market in Yogyakarta was established with the farmer’s cooperative to strengthen the bargaining position of Sleman’s farmers in receiving fair price for chili. Therefore, this study aims to analyze the effectiveness of chili auction market and the problems affecting its implementation. A quantitative approach was used and the location...
Article
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This research examines the effects of pre-counterfactual thinking and anticipated emotions on the amount of the first bid placed in Name-Your-Own-Price auctions. The results of Study 1 indicate that upward counterfactuals are elicited more than downward counterfactuals in response to both accepted and rejected bids. Study 2 investigates the effect...
Article
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Similar to the global financial crisis in 2008 which is essentially the credit crisis, there are also general problems of distorting, alienating credit or credit evaluation mechanism through widespread speculation of credit, bogus transaction in e-commerce, which has resulted in the deterioration of trading environment. This paper introduces the co...
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Crowdsourced delivery (CSD) is an emerging business model that leverages the underutilized or excess capacity of individual drivers to fulfill delivery tasks. This paper presents a general formulation of a larege-scale two-sided CSD matching problem, considering demand/supply elasticity, heterogeneous preferences of both shippers and drivers, and t...
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The rapid development of artificial intelligence has recently provoked anxiety among many professional groups, including artists, art critics and curators. The sale of AI-made objects at art auctions and art prizes awarded to computer-generated images have undermined many beliefs about art that exist both in the art community and among the general...
Article
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Only registered businesses can charge and collect taxes on goods and services made in Taiwan. As auction sites are places where individuals can conduct business activities for profit without paying business taxes, Taiwan’s tax authority has ruled that profit-seeking individuals must register as businesses and pay taxes. However, the anonymity of se...
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This study investigates products sold before consumption and examines how the duration of the consumption periods and the choice of selling mechanism influence sellers' revenue. Using empirical data from timber auctions, we identify buyers' tendency to delay consumption to resolve payoff uncertainty and reveal heterogeneous motivations among buyers...
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