trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction … selection effect of their own price offer in the BIN format coud benefit from giving up bargaining power by using the "Sell …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

all attributes is unrelated to auction choice, meaning standard tests of adverse selection can mask the subtle but …

use the residuals of the regression which can be considered as “characteristic-free prices” to compute the price index …

costs of all suppliers by running a descending open-bid auction, or conceal them by running a first price sealed-bid auction … decisions: price, which is bid by the supplier; and a fixed quality adjustment cost, which is included by the buyer to capture … non-price factors such as a supplier's quality and reliability. Suppliers know only their own true production cost and …

We study the optimal set-aside policy for an auction of a resource that is required to provide service in a vertically … compete as well. We find that the highest quality firm may not always win the auction. When the resource is set aside …

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 …

Along the standard measures of price dispersion, this paper proposes a new method, the residual variance model, to … examine the levels of price and price variation within and across 10 kinds of physically identical products on eBay UK. The … results find that the price levels and price dispersions on eBay are lower than the ones reported in the prior literature …

In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …