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The impact of the irrelevant : temporary buy-options and bidding behavior in auctions

Peeters, Ronald; Strobel, Martin; Vermeulen, Dries; … - In: Games 7 (2016) 1, pp. 1-19

With a laboratory experiment, we study the impact of buy-options and the corresponding buy-price on revenues and …

Persistent link: https://www.econbiz.de/10011453215

How eBay sellers set 'Buy-it-now' prices : bringing the field into the lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2006

In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …

Persistent link: https://www.econbiz.de/10010365897

(In)efficiency of auctions with the asymmetry of rights

Kusmierczyk, Pawel - In: Business and Economic Horizons (BEH) 10 (2014) 4, pp. 223-237

by the laboratory experiments, provide no proof for that conclusion though, as none of the rules under study beats the …

Persistent link: https://www.econbiz.de/10011166604

What Brings a Consumer Back for More? Evidence from Quantifiable Gain and Loss Experiences in Penny Auctions

Lien, Jaimie W. - 2017

Evidence increasingly points to the importance of reference-dependence in predicting consumer behavior. We utilize detailed data from penny auctions, which first appeared as an internet phenomenon in the late 2000's, to uncover how consumers' prior experiences predict their willingness to try a...

Persistent link: https://www.econbiz.de/10012951952

Emotions and economic shocks in a first-price auction

Bosman, Ronald; Riedl, Arno - 2003

We investigate experimentally whether emotions affect bidding behavior in a firstprice auction. To induce emotions, we confront subjects after a first auction series with apositive or negative random economic shock. We then explore the relation between emotions andbidding behavior in a second...

Persistent link: https://www.econbiz.de/10011333886

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2021

Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we use...

Persistent link: https://www.econbiz.de/10012668312

How do sellers benefit from buy-it-now prices in Ebay auctions? : an experimental investigation

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2018

In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real eBay environment in the laboratory, we find that...

Persistent link: https://www.econbiz.de/10011902715

How do sellers benefit from Buy-It-Now prices in eBay auctions?

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2019

We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the information available on eBay about buyer experience and...

Persistent link: https://www.econbiz.de/10012309640

Cross-game learning and cognitive ability in auctions

Giebe, Thomas; Ivanova-Stenzel, Radosveta; Kocher, Martin; … - 2022

Overbidding in sealed-bid second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We study experimentally to what extent cross-game learning can reduce overbidding in SPAs, taking into account cognitive skills. Employing an order-balanced design, we...

Persistent link: https://www.econbiz.de/10014476711

Buy-it-Now prices in eBay auctions : the field in the lab ; conference paper

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2014

lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …

Persistent link: https://www.econbiz.de/10010491157

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