to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … deviations are not an artefact due to the existence of the BIN price, rather a consequence of the specific features of the eBay-auction … BIN prices to eBay auctions has an enhancing effect: the eBay BIN auction is more efficient and generates significantly …

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 … format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the …

search in other websites influence the final sale price in online auctions. The online auction market for used vehicles … characteristics, duration of search, and search in other websites are each associated with a higher final sale price. Our findings …, with lower search costs for buyers often considered the key to lower prices and higher consumer welfare. However, sellers …