their auction end at the evening, when many potential buyers may be online. …

policies on the online display ad industry by applying an empirical model to a proprietary auction dataset. Two challenges … premium’s variance to zero. Second, the data provider uses a novel auction mechanism in which first-price bidders and second …

incorporates a random number of participating bidders in each auction, allows for any bid distribution, and is not restricted to … the single-auction expected revenue function. We show that a monotone staircase with unit jumps policy is optimal and … order condition is met in common online auction mechanisms …

The paper presents a framework for estimating a demand system from price data generated by a large scale auction … platform such as eBay. Auction prices are used to identify characteristics of the joint distribution using an order statistics …

select in which auction to bid. In this note we show that when buyers are linked with a subset of the sellers (i.e. when …

advertise with a novel model of demand in an auction market environment. Because we explicitly model the process of arrival of …

-to-consumer Internet auction sites like eBay, (2) competition between auction sites and amongst auction site users, and (3) the data … generated from auction sites and what inferences may be drawn from such data. The keynote address was given by Prof. Hal Varian …