Huang, Ching-I; Chen, Jong-Rong; Lee, Chiu-Yu - In: Journal of Economic Behavior & Organization 94 (2013) C, pp. 11-33
We use data from eBay Best Offer listings to analyze haggling over prices in transactions with one seller and a series of potential buyers for a limited-supply product. We characterize this transaction mechanism as a sequential-move game to investigate buyer behavior. Our model suggests that a...