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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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