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-value Internet auctions such as those on eBay. It shows that last-minute bidding and multiple bidding, two commonly observed bidding …
Persistent link: https://www.econbiz.de/10010846005
This dissertation develops a dynamic bidding model for Internet auctions, especially eBay. The model parameters, namely … bidders’ valuations and bidding costs, are then structurally estimated using a data set of around 800 eBay auctions for a … bidders at eBay. …
Persistent link: https://www.econbiz.de/10008520784
Although bidders in an internet auction do not obtain the actual ownership of the item during the auction, they still act according to an endowment effect. In a unique data set of 17,000 Danish furniture auctions I find that having the leading bid, both in terms of time and dollars, will...
Persistent link: https://www.econbiz.de/10005070467
A classic argument in economics is that experience in the market place will eliminate mistakes and cognitive biases. Internet auctions are a popular market were some bidders gather extensive experience. In a unique data set from a Scandinavian auction site I question if and what bidders learn....
Persistent link: https://www.econbiz.de/10005070468
Most internet auction sites, like eBay, use a proxy bidding system where bidders can put in their maximum bid and let a …
Persistent link: https://www.econbiz.de/10005070490
Why do some participants in online auctions place their bids right before the time of closing? Using e-Bay data, we …
Persistent link: https://www.econbiz.de/10010594091
simulated data and to a carefully collected dataset from eBay with bids and covariates from 1000 coin auctions. It is …
Persistent link: https://www.econbiz.de/10008577411
from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple …
Persistent link: https://www.econbiz.de/10005121206
bid. Outcomes of real penny auctions are surprising: even selling cash can give the seller an order of magnitude higher or …
Persistent link: https://www.econbiz.de/10010862062
As auctions are becoming the main mechanism for selling advertisement space on the web, marketing agencies specialized …
Persistent link: https://www.econbiz.de/10010905454