{"id":"https://openalex.org/W4399254589","doi":"https://doi.org/10.1145/3652963.3655089","title":"When Should Prices Stay Fixed? On the Chances and Limitations of Spot Pricing in Larger Markets","display_name":"When Should Prices Stay Fixed? On the Chances and Limitations of Spot Pricing in Larger Markets","publication_year":2024,"publication_date":"2024-06-01","ids":{"openalex":"https://openalex.org/W4399254589","doi":"https://doi.org/10.1145/3652963.3655089"},"language":"en","primary_location":{"id":"doi:10.1145/3652963.3655089","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3652963.3655089","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abstracts of the 2024 ACM SIGMETRICS/IFIP PERFORMANCE Joint International Conference on Measurement and Modeling of Computer Systems","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5002623446","display_name":"Ludwig Dierks","orcid":"https://orcid.org/0000-0002-1515-9706"},"institutions":[{"id":"https://openalex.org/I39422238","display_name":"University of Illinois Chicago","ror":"https://ror.org/02mpq6x41","country_code":"US","type":"education","lineage":["https://openalex.org/I39422238"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ludwig Dierks","raw_affiliation_strings":["University of Illinois at Chicago, Chicago, USA"],"raw_orcid":"https://orcid.org/0000-0002-1515-9706","affiliations":[{"raw_affiliation_string":"University of Illinois at Chicago, Chicago, USA","institution_ids":["https://openalex.org/I39422238"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5048575057","display_name":"Makoto Yokoo","orcid":"https://orcid.org/0000-0003-4929-396X"},"institutions":[{"id":"https://openalex.org/I135598925","display_name":"Kyushu University","ror":"https://ror.org/00p4k0j84","country_code":"JP","type":"education","lineage":["https://openalex.org/I135598925"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Makoto Yokoo","raw_affiliation_strings":["Kyushu University, Fukuoka, Japan"],"raw_orcid":"https://orcid.org/0000-0003-4929-396X","affiliations":[{"raw_affiliation_string":"Kyushu University, Fukuoka, Japan","institution_ids":["https://openalex.org/I135598925"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.09038803,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"71","last_page":"72"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.993399977684021,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9887999892234802,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/spot-contract","display_name":"Spot contract","score":0.5771048665046692},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.4592565894126892},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.40942925214767456},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.3830713927745819},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3615562915802002},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.33792370557785034},{"id":"https://openalex.org/keywords/futures-contract","display_name":"Futures contract","score":0.10458049178123474}],"concepts":[{"id":"https://openalex.org/C175223733","wikidata":"https://www.wikidata.org/wiki/Q1047888","display_name":"Spot contract","level":3,"score":0.5771048665046692},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4592565894126892},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.40942925214767456},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3830713927745819},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3615562915802002},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.33792370557785034},{"id":"https://openalex.org/C106306483","wikidata":"https://www.wikidata.org/wiki/Q183984","display_name":"Futures contract","level":2,"score":0.10458049178123474}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3652963.3655089","is_oa":false,"landing_page_url":"https://doi.org/10.1145/3652963.3655089","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Abstracts of the 2024 ACM SIGMETRICS/IFIP PERFORMANCE Joint International Conference on Measurement and Modeling of Computer Systems","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.5099999904632568,"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth"}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":9,"referenced_works":["https://openalex.org/W1541754180","https://openalex.org/W2013275264","https://openalex.org/W2135632417","https://openalex.org/W2160747366","https://openalex.org/W2605278635","https://openalex.org/W3131895703","https://openalex.org/W3134327003","https://openalex.org/W4285092268","https://openalex.org/W6683563780"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2808080170","https://openalex.org/W1502198272","https://openalex.org/W2017540542","https://openalex.org/W1524625253","https://openalex.org/W2027536868","https://openalex.org/W3162612242","https://openalex.org/W2006758266","https://openalex.org/W2066504725","https://openalex.org/W110114397"],"abstract_inverted_index":{"Selling":[0],"resources":[1,19,69],"via":[2],"auctions":[3],"often":[4,14],"seems":[5],"profit-optimal":[6,135,153],"in":[7,10,105,122],"theory.":[8],"Yet":[9],"practice,":[11,106],"providers":[12],"most":[13],"choose":[15],"to":[16],"sell":[17],"homogeneous":[18],"such":[20],"as":[21,83,85],"cloud":[22],"computing":[23],"instances":[24],"at":[25,77],"fixed":[26,79,150],"prices.":[27],"While":[28],"it":[29],"has":[30],"been":[31],"argued":[32],"that":[33,62,109,121],"this":[34],"is":[35,81,95,138],"explained":[36],"by":[37],"relatively":[38],"non-volatile":[39,124],"demand":[40,94,137],"distributions":[41],"and":[42,141,154],"highly":[43],"competitive":[44,88],"market":[45],"environments,":[46],"these":[47],"arguments":[48],"only":[49],"paint":[50],"a":[51,55,71,78,86,127,145,160],"partial":[52],"picture.":[53],"Through":[54],"formal":[56],"game":[57],"theoretic":[58],"analysis,":[59],"we":[60,107],"show":[61],"the":[63,100,156],"relative":[64],"profit":[65],"increase":[66],"of":[67,76,102],"offering":[68],"through":[70,159],"spot":[72,103],"pricing":[73,104],"mechanism":[74],"instead":[75],"price":[80],"unbounded":[82],"long":[84],"sufficiently":[87,139],"outside":[89],"option":[90],"exists,":[91],"even":[92,126],"if":[93,136],"very":[96,128],"non-volatile.":[97,142],"To":[98],"explain":[99],"lack":[101],"consider":[108],"users":[110],"might":[111],"be":[112],"biased":[113],"against":[114],"more":[115],"complex":[116],"auction-based":[117],"mechanisms.":[118],"We":[119,143],"find":[120],"large,":[123],"markets":[125],"small":[129],"user":[130],"bias":[131],"will":[132],"turn":[133],"fixed-pricing":[134],"large":[140],"derive":[144],"sufficient":[146],"condition":[147],"under":[148],"which":[149],"prices":[151],"are":[152],"illustrate":[155],"observed":[157],"effects":[158],"numerical":[161],"example.":[162]},"counts_by_year":[],"updated_date":"2026-06-11T09:08:48.828518","created_date":"2025-10-10T00:00:00"}