from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple … a "reservation bid" for low-price auctions. Extending results from the empirical auction literature and employing a …

from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. From the simple … a reservation bid for low-price auctions. Extending results from the empirical auction literature and employing a …

Price dispersion in simultaneous online auctions is a puzzle in light of the relatively low search costs required to … find the lower price. Much of this price dispersion appears to be due to lack of switching by bidders between auctions … controlled field experiment involving pairs of simultaneous auctions. Keeping the sellers and the goods sold identical between …

In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … BIN prices to eBay auctions has an enhancing effect: the eBay BIN auction is more efficient and generates significantly …

We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay … format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the …

It is common for auctions to feature reserve prices that are kept secret. In auctions with independent private values … sellers in auctions with independent private values and suggests that selling reserve price information to buyers can lead to …