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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 …
Persistent link: https://www.econbiz.de/10012309640
of the timber sale auctions held in Oregon illustrate the usefulness and feasibility of our approach. …
Persistent link: https://www.econbiz.de/10005328964
This paper analyzes the secret reservation price in eBay auctions. Under the assumptions of secret and public …
Persistent link: https://www.econbiz.de/10009372532
on completed auctions for a particular commodity. This article presents structural estimates of bidding behavior in eBay … computer monitor auctions. We exploit characteristics of such repeated measures to analyze the efficiency of private value … auctions for a relatively homogeneous good, computer monitors sold on eBay. We discuss how outcomes of the auction mechanism …
Persistent link: https://www.econbiz.de/10014201221
This paper proposes a simple model for multiple second-price auctions which run parallel to each other, in the sense …, and that the ex ante expected transaction prices are identical for all auctions. A simple empirical test is also performed …
Persistent link: https://www.econbiz.de/10014221330
Internet auctions have recently gained widespread popularity and are one of the most successful forms of electronic … commerce. We examine a dataset of eBay coin auctions to explore features of online bidding and selling behavior. We find that …
Persistent link: https://www.econbiz.de/10014158940
question. The estimation procedure is applied to data from Michigan highway procurement auctions. I estimate that 75% of the …
Persistent link: https://www.econbiz.de/10014067395
We ask under what conditions transmission contracts increase or mitigate market power. We show that the allocation process of transmission rights is crucial. In an efficiently arbitraged uniform price auction generators will only obtain contracts that mitigate their market power. However, if...
Persistent link: https://www.econbiz.de/10014073392
We use laboratory data from first-price auctions and manipulate the quantity and the quality of information available …
Persistent link: https://www.econbiz.de/10013311270
In Buy-It-Now auctions, sellers can post a take-it-or-leave-it price offer prior to an auction. While the literature … of view. Buy-It-Now auctions are complex mechanisms and therefore quite challenging for sellers. The paper discusses the …-It-Now auctions. …
Persistent link: https://www.econbiz.de/10014477420