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In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real eBay environment in the laboratory, we find that...
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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 information available on eBay about buyer experience and...
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We conducted a laboratory experiment to study the price setting behavior in two-sided markets. We seek to answer two … has two effects: On the one hand, it makes finding the optimal pricing more difficult so that, on average, we find prices …
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We run a market experiment where firms can choose not only their price but also whether to present comparable offers …
Persistent link: https://www.econbiz.de/10010433911
In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study how sellers set Buy-it-Now prices when buyers have independent private values for a single object for sale. We test the predictions of a model by combining the real auction...
Persistent link: https://www.econbiz.de/10010491157