Katkar, Rama; Reiley, David H - In: The B.E. Journal of Economic Analysis & Policy 6 (2007) 2
Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We ask, empirically, whether the seller is made better or worse off by setting a secret reserve above a low minimum bid, versus the option of making the reserve public by using it...