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Buy-it-Now prices in eBay auctions : the field in the lab ; conference paper

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2014

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

How do sellers benefit from buy-it-now prices in Ebay auctions? : an experimental investigation

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2018

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...

Persistent link: https://www.econbiz.de/10011902715

How do sellers benefit from Buy-It-Now prices in eBay auctions?

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2019

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...

Persistent link: https://www.econbiz.de/10012309640

Building Trust in Online Auction Markets Through an Economic Incentive Mechanism

Ba, Sulin - 2017

Millions of dollars change hands daily through online auction markets. However, fraud has been on the rise in these markets. Using a game theoretic approach, we propose a design of an economic incentive mechanism, the trusted third party (TTP), to serve the online auction communities. The...

Persistent link: https://www.econbiz.de/10012967775

How eBay sellers set 'Buy-it-now' prices : bringing the field into the lab

Grebe, Tim; Ivanova-Stenzel, Radosveta; Kröger, Sabine - 2006

In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …

Persistent link: https://www.econbiz.de/10010365897

Online ad auctions : an experiment

McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats …

Persistent link: https://www.econbiz.de/10011429743

Online ad auctions : an experiment

McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016

A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats …

Persistent link: https://www.econbiz.de/10011433875

Online ad auctions : an experiment

McLaughlin, Kevin; Friedman, Daniel - 2016 - This version: February 16, 2016

Persistent link: https://www.econbiz.de/10011486313

Individual bidder behaviour in repeated auctions

Wojciechowska, Olga; Waterson, Michael - 2024

Persistent link: https://www.econbiz.de/10014578001

Internet Auctions With Artificial Adaptive Agents : A Study on Market Design

Duffy, John - 2015

Many internet auction sites implement ascending-bid, second-price auctions. Empirically, last minute or quot;latequot; bidding is frequently observed in quot;hard-closequot; but not in quot;soft-closequot; versions of these auctions. In this paper, we introduce an independent private-value...

Persistent link: https://www.econbiz.de/10012707961