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Feedback mechanisms that allow partners to rate each other after a transaction are considered crucial for the success of anonymous internet trading platforms. We document an asymmetry in the feedback behavior on eBay, propose an explanation based on the micro structure of the feedback mechanism...
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We study innovation contests with asymmetric information and identical contestants, where contestants' efforts and innate abilities generate inventions of varying qualities. The designer offers a reward to the contestant achieving the highest quality and receives the revenue generated by the...
Persistent link: https://www.econbiz.de/10010260048
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10011508091
authority has a reservation price and decides to either reveal or hide it before the auction takes place. We find that when the … private reservation price scheme. Moreover, we show that‚ auction results in less slots being traded than would have been …
Persistent link: https://www.econbiz.de/10012942912
We provide evidence that culture is a source of pricing bias. In a sample of 1.9 million auction transactions in 49 …
Persistent link: https://www.econbiz.de/10012520374
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …
Persistent link: https://www.econbiz.de/10013319851
-price auction. Before the contest, a fixed number of innovators is selected in an entry auction, in order to address the adverse …
Persistent link: https://www.econbiz.de/10014197603
mechanisms and other market mechanisms involving auction procedures. Among the various auction mechanisms, scoring auctions and … our previous work, we explore and extend the application of the PAUSE auction mechanism with bidding based on a score … quality of the service provided. We study the application of this auction mechanism, in a gradual fashion, to the three …
Persistent link: https://www.econbiz.de/10014346821