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Ockenfels, Axel - 2006

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 Theory of Bidding Dynamics and Deadlines in Online Retail

Coey, Dominic - 2016

We present an equilibrium search model that parsimoniously rationalizes the use of auctions as a sales mechanism for new-in-box goods--a frequent occurrence in online retail markets--and analyze whether the existence of these auctions is welfare enhancing relative to a market consisting only of...

Persistent link: https://www.econbiz.de/10012456636

Is Sniping A Problem For Online Auction Markets?

Backus, Matthew - 2015

A common complaint about online auctions for consumer goods is the presence of "snipers," who place bids in the final seconds of sequential ascending auctions with predetermined ending times. The literature conjectures that snipers are best-responding to the existence of "incremental" bidders...

Persistent link: https://www.econbiz.de/10012457724

Consumer Demand with Social Influences : Evidence from an E-Commerce Platform

Caoui, El Hadi; Farronato, Chiara; Horton, John J.; … - National Bureau of Economic Research - 2022

this paper, we explore the economics of rare goods using auctions of limited-edition shoes held by an e-commerce platform …

Persistent link: https://www.econbiz.de/10013362005

Economic Insights from Internet Auctions : A Survey

Bajari, Patrick - 2003

This paper surveys recent studies of Internet auctions. Four main areas of research are summarized. First, economists have documented strategic bidding in these markets and attempted to understand why sniping, or bidding at the last second, occurs. Second, some researchers have measured...

Persistent link: https://www.econbiz.de/10012468618

A Model of Behavioral Manipulation

Acemoglu, Daron; Makhdoumi, Ali; Malekian, Azarakhsh; … - National Bureau of Economic Research - 2023

We build a model of online behavioral manipulation driven by AI advances. A platform dynamically offers one of n products to a user who slowly learns product quality. User learning depends on a product's "glossiness,' which captures attributes that make products appear more attractive than they...

Persistent link: https://www.econbiz.de/10014437003

Cognitive Economics

Kimball, Miles S. - 2015

Behavioral Economics, Labor Economics and the Economics of Education) that brings into play novel types of data--especially novel …Cognitive Economics is the economics of what is in people's minds. It is a vibrant area of research (much of it within … Welfare Economics. A key theme of Cognitive Economics is finite cognition (often misleadingly called "bounded rationality …

Persistent link: https://www.econbiz.de/10012457832

Confucianism and Preferences : Evidence from Lab Experiments in Taiwan and China

Liu, Elaine M. - 2013

This paper investigates how Confucianism affects individual decision making in Taiwan and in China. We found that …

Persistent link: https://www.econbiz.de/10012459046

Non-Choice Evaluations Predict Behavioral Responses to Changes in Economic Conditions

Bernheim, B. Douglas - 2013

observable exogenous causes. We explore an alternative approach that generates predictions based on relationships across decision … experiment, we find that this method yields accurate estimates of price sensitivities for a collection of products under …

Persistent link: https://www.econbiz.de/10012459391

Understanding Peer Effects in Financial Decisions : Evidence from a Field Experiment

Bursztyn, Leonardo - 2012

Using a high-stakes field experiment conducted with a financial brokerage, we implement a novel design to separately …

Persistent link: https://www.econbiz.de/10012460419

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