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Estimating inefficiency in online auctions
Hirose, Yohsuke - In: Annals of economics and statistics 142 (2021), pp. 235-250
Persistent link: https://www.econbiz.de/10013464839
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Identification of time and risk preferences in buy price auctions
Ackerberg, Daniel A.; Hirano, Keisuke; Shahriar, Quazi - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 809-849
auction sites including eBay and General Motors Assistance Corporation. A buyer in a buy price auction can accept the buy … price to win with certainty and end the auction early. Intuitively, the buy price option may appeal to bidders who are risk … aversion and time preferences. We develop a private value model of bidder behavior in a buy price auction with a temporary buy …
Persistent link: https://www.econbiz.de/10011801642
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Inefficient rushes in auctions
Hernando-Veciana, Ángel; Michelucci, Fabio - In: Theoretical economics : TE ; an open access journal in … 13 (2018) 1, pp. 273-306
, i.e., the first best, is not implementable. Our first main result is that the open ascending auction is not second best … because it is prone to rushes, i.e., all active bidders quitting simultaneously, that undermine its efficiency. Our second … main result is that the second best can be implemented with a two-round auction used in real-life privatizations. We also …
Persistent link: https://www.econbiz.de/10011855888
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The effect of reputation on selling prices in auctions
Gürtler, Oliver; Grund, Christian - 2006
their auction end at the evening, when many potential buyers may be online. …
Persistent link: https://www.econbiz.de/10010365875
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Online ad auctions : an experiment
McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … papers by Varian (2007) and Edelman, et al. (2007) seem to organize the data well overall. Efficiency under VCG exceeds that … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011429743
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Online ad auctions : an experiment
McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … papers by Varian (2007) and Edelman et al. (2007) seem to organize the data well overall. Efficiency under VCG exceeds that … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011433875
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Online Auctions and Digital Marketing Agencies
Decarolis, Francesco - 2017
We present an empirical investigation of the role of marketing agencies in Google's online ad auctions. By combining data on advertisers' affiliation to marketing agencies with data on bidding in ad auctions, we analyze how changes in the concentration of clients in the same industry under the...
Persistent link: https://www.econbiz.de/10012946075
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Mechanism Choice and the Buy-it-Now Auction : A Structural Model of Competing Buyers and Sellers
Bauner, Christoph - 2018
A striking feature of many online sales platforms is the coexistence of multiple sales mechanisms. Items on eBay, for instance, are frequently offered through auctions, posted prices, and buy-it-now auctions. In this article, I study how this mechanism multiplicity influences the welfare of...
Persistent link: https://www.econbiz.de/10012914016
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Nonparametric estimation of sponsored search auctions and impacts of AD quality on search revenue
Kim, Dongwoo; Pal, Pallavi - 2023
information' assumption. The ad value is characterized by a tractable analytical solution given observed auction parameters. Using … Yahoo! search auction data, we estimate value distributions and study the bidding behavior across product categories. We …
Persistent link: https://www.econbiz.de/10014228566
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Fairness and efficiency in online advertising mechanisms
Watts, Alison - In: Games 12 (2021) 2, pp. 1-11
generalized second price auctions. However, such an auction or mechanism could be considered unfair if similar consumers are … assignment can improve fairness while improving efficiency in some circumstances. …
Persistent link: https://www.econbiz.de/10012503803