We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …

In this paper the sequence of winning bids in the public auction of used cars in New Jersey is examined for the … sale. In a further contrast to many other studies, these data indicate that the prices tend to increase as the auction …

We conducted a controlled field experiment on eBay and examined to what extent both social and competitive laboratory … patterns in the field experiment mirror fully naturally occurring trading patterns in the market. …

times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of …Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … seconds of an auction, knowing that bids arriving after the closure of the auction are not counted. They also bid several …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … bidders, the expected revenue and the optimal bid function in a first price auction result in complicated expressions, except … Internet auctions. …

Internet auctions attract numerous agents, but only a few become active bidders. A major difficulty in the structural … analysis of internet auctions is that the number of potential bidders is unknown. Under the independent private value paradigm …

research in particular attempts to verify this assumption under artificial conditions using laboratory tests. Experiment … results must be carefully interpreted, as laboratory conditions often fail to fully represent reality. Internet auctions on … individual cases, as would at first be expected theoretically. Herd behaviour among the auction participants would appear to be …

interpretiert werden, da die Laborsituation die Realität oft nicht ausreichend abbildet. Internet-Auktionen bieten dagegen die …