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The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10013224430
The economic literature on online auctions is rapidly growing because of the enormous amount of freely available field data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research opportunities. In this article, we survey the...
Persistent link: https://www.econbiz.de/10012465877
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which … the different ending rules under controlled conditions, without the other differences between internet auction houses that …
Persistent link: https://www.econbiz.de/10011508080
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …
Persistent link: https://www.econbiz.de/10011508091
Many Internet markets rely on quot;feedback systemsquot;, essentially social networks of reputation, to facilitate …
Persistent link: https://www.econbiz.de/10012751561
In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …
Persistent link: https://www.econbiz.de/10013319851
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which … the different ending rules under controlled conditions, without the other differences between internet auction houses that …
Persistent link: https://www.econbiz.de/10014029874
As the Internet economy has grown, so too has the need for trust. A degree of trust is a critical ingredient in … virtually all economic relationships, Internet or otherwise. Every day we choose to trust plumbers, doctors, employers … Internet traders increases contracting difficulties: You may not be able to identify your eBay seller or verify the quality of …
Persistent link: https://www.econbiz.de/10013316582