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Many bidders in eBay employ bidding strategies that involve late bids, incremental bids, or both. Based on field …
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number of participants at each auction is observed. From this bound, however, we establish nonparametric identification of … the arrival process of bidders-the process that matches potential buyers to auction listings - which then allows us to … observables. Our structural estimates enable us to explore information rents and optimal reserve prices on eBay. …
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market platforms such as eBay) interact to promote trustworthinessand trust. Our analysis suggests that the costs involved in …
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institutions like eBay will increasingly have to "economize on virtue" although so far they could rely on its spontaneous provision. …
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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 the eBay auction format supports deviations from truthful bidding leading … deviations are not an artefact due to the existence of the BIN price, rather a consequence of the specific features of the eBay-auction …
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does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …We investigate experimentally on eBay how sellers set prices in "Buy-It-Now" (BIN) auctions. We find that the eBay … information available on eBay about buyer experience and bidding behavior correlates with the observed price deviation. Sellers …
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