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 bidding behavior correlates with the observed price deviation. Sellers … does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …

The German petrol station market is characterized by strong intraday price cycles, which probably correspond to the … sequence in which, after generally rising prices during the day, a single supplier is the first to reverse the price trend and … lower its price. For this purpose, current price reports are used to define the price reduction event down to the second …