Online content trading: Sharing Mart system and auction experiments

Hazer Inaltekin*, Necati E. Ozgencil, Hao Xu, Mung Chiang, H. Vincent Poor

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceeding contributionpeer-review

3 Citations (Scopus)

Abstract

This paper introduces an operational monetary system, the Sharing Mart system, for online content trading, and discusses what it can do with a toy experiment. Sharing Mart is a virtual-money-based file sharing system in which different digital rights (e.g., view only, download and resell rights) of various file types (e.g., video, audio, graphics and documents) can be traded by means of different transaction styles (e.g., marked price transactions and S-Mart auctions). Sharing Mart is the content equivalent of stock exchange markets, eBay and Amazon. The fully operational version has been used by 250 students in the School of Engineering and Applied Science at Princeton University. After a quick introduction to Sharing Mart, its capabilities as a testbed are illustrated by means of a multiple-winner content auction experiment. Empirical data indicate that revenue earned by selling content and probability of winning an auction are maximized as seller/buyer strategies approach the Nash equilibrium. Content sellers and buyers lacking of strategic thinking lead to revenue reductions and reductions in the success rate to win an auction, respectively.

Original languageEnglish
Title of host publication2010 IEEE International Conference on Communications Workshops
Place of PublicationPiscataway, NJ
PublisherInstitute of Electrical and Electronics Engineers (IEEE)
Number of pages6
ISBN (Electronic)9781424468263, 9781424468256
ISBN (Print)9781424468249
DOIs
Publication statusPublished - 2010
Externally publishedYes
Event2010 IEEE International Conference on Communications Workshops, ICC 2010 - Capetown, South Africa
Duration: 23 May 201027 May 2010

Publication series

Name
ISSN (Print)2164-7038

Conference

Conference2010 IEEE International Conference on Communications Workshops, ICC 2010
CountrySouth Africa
CityCapetown
Period23/05/1027/05/10

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