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Estimating Inefficiency in Online Auctions

Hirose, Yohsuke - 2020

In this paper, we estimate the inefficiency in online auctions. Online auctions can be inefficient due to the Internet fraud. A typical example of Internet fraud is when sellers do not send goods to winning bidders even though they have received payment. Therefore, bidders always bear a risk of...

Persistent link: https://www.econbiz.de/10012839165