The path that the price takes during an on-line auction plays an important role in understanding and forecasting on-line auctions. Price dynamics, such as the price velocity or its acceleration, capture the speed at which auction information changes. The ability to estimate price dynamics...

We introduce a semiparametric approach for modelling the effect of concurrent events on an outcome of interest. Concurrency manifests itself as temporal and spatial dependences. By temporal dependence we mean the effect of an event in the past. Modelling this effect is challenging since events...

On-line auctions pose many challenges for the empirical researcher, one of which is the effective and reliable modelling of price paths. We propose a novel way of modelling price paths in eBay's on-line auctions by using functional data analysis. One of the practical challenges is that the...