trade at a fixed price before an auction. In the "Buy-It-Now" format, the seller offers a price prior to the auction … selection effect of their own price offer in the BIN format coud benefit from giving up bargaining power by using the "Sell …

In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature …

Along the standard measures of price dispersion, this paper proposes a new method, the residual variance model, to … examine the levels of price and price variation within and across 10 kinds of physically identical products on eBay UK. The … results find that the price levels and price dispersions on eBay are lower than the ones reported in the prior literature …

In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …

Reverse auctions are considered a fast and inexpensive price discovery tool to award procurement contracts and it is … reverse auction. Shares are allocated endogenously, depending on the suppliers ́bids. The procedure obtains dual sourcing by … assigning positive shares to the two most competitive bids and uses discarded bids to endogeneize the reserve price. In …

-submodular in income and type. We then show that when bidders are risk averse (preferring), the equilibrium price sequences should … the Vickrey sequential auctions. In particular, the "declining price anomaly" is perfectly consistent with nonincreasing …

compared to an optimal common reserve price. Implications for auction design are considered. …We investigate equilibrium bidding in first-price auctions with asymmetric reserve prices. For example, the auctioneer … may set a low reserve price for one subset of bidders and a high reserve price for others. When used to pursue a …

for female artists' work from supply-side factors. Using 1.5 million auction transactions in 45 countries, we document a … 47.6% gender discount in auction prices for paintings. The discount is higher in countries with greater gender inequality …

to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … deviations are not an artefact due to the existence of the BIN price, rather a consequence of the specific features of the eBay-auction … format - a mixture between sealed-bid and open second-price auction with a fixed end-time. Moreover, we find that information …