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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

Designing contests between heterogeneous contestants : an experimental studie of tie-breaks and bid-caps in all-pay Auctions

Llorente-Saguer, Aniol; Sheremeta, Roman M.; Szech, Nora - 2020

in a laboratory experiment. Our data confirm that placing bid-caps and using favorable tie-breaking rules significantly … diminishes discouragement in weaker contestants. The impact on revenue is more intricate. In contrast to theory, a strict bid …-cap does not increase revenue, but a mild bid-cap can increase revenue even when not predicted by theory. Our data also show …

Persistent link: https://www.econbiz.de/10012426931

Biases in beliefs : experimental evidence

Bauer, Dominik; Wolff, Irenaeus - 2019 - This version: 20th February, 2019

Many papers have reported behavioral biases in belief formation that come on top of standard game-theoretic reasoning. We show that the processes involved depend on the way participants reason about their beliefs. When they think about what everybody else or another "unspeci fied" individual is...

Persistent link: https://www.econbiz.de/10012308290

The demand for punishment to promote cooperation among like-minded people

Bühren, Christoph; Dannenberg, Astrid - 2021

We use an experiment to test the hypothesis that groups consisting of like-minded cooperators are able to cooperate …

Persistent link: https://www.econbiz.de/10013337734

Biases in belief reports

Bauer, Dominik; Wolff, Irenaeus - 2021 - This version: 11th January, 2021

Belief elicitation is important in many different felds of economic research. We show that how a researcher elicits such beliefs-in particular, whether the belief is about the participant's opponent, an unrelated other, or the population of others-affects the processes involved in the formation...

Persistent link: https://www.econbiz.de/10013341662