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We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10011343281
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …
Persistent link: https://www.econbiz.de/10011599306
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …
Persistent link: https://www.econbiz.de/10011324893
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …
Persistent link: https://www.econbiz.de/10004990053
We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10010325276
We use a unique hand collected data set of 6 258 auctions from the online football manager game Hattrick to study micro …
Persistent link: https://www.econbiz.de/10010264418
A buyout option enhances an auction by allowing a bidder to purchase the item at a pre-specified price (instead of attempting to obtain the item by way of auction). A comparison is made between the ex ante welfare of bidders in an auction with a buyout option to a traditional auction with no...
Persistent link: https://www.econbiz.de/10005081043
An auction with a buyout option occurring over continuous time with rules similar to eBay’s “buy it now†option is analyzed. It is shown that a risk averse seller facing risk neutral bidders will choose a buyout price low enough so that the buyout option is exercised with...
Persistent link: https://www.econbiz.de/10005628984
Persistent link: https://www.econbiz.de/10010348869
Persistent link: https://www.econbiz.de/10011615521