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and services. Experimental auctions are a promising method for acquiring such information considering that they are … conduct these with a representative sample. While most research on experimental auctions relies on laboratory experiments with … students as participants, more recently, experimental auctions in the field have become increasingly important. In this paper …
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Background: This paper explores the financial viability of eBay's Buyer Protection Plan. Methods: We explore their warranty model assuming exponential auction listing and claims times, under competing assumptions of Normal (classical portfolio theory) versus Paretian claims (industry practice)...
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