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We study auctions in which the number of potential bidders is large, such as in Internet auctions. With numerous … Internet auctions. …
Persistent link: https://www.econbiz.de/10011343281
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …
Persistent link: https://www.econbiz.de/10011599306
In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that …
Persistent link: https://www.econbiz.de/10011508091
We present an empirical investigation of the role of marketing agencies in Google's online ad auctions. By combining … data on advertisers' affiliation to marketing agencies with data on bidding in ad auctions, we analyze how changes in the …
Persistent link: https://www.econbiz.de/10012946075
This paper studies the seller's online listing strategy and its consequences. By focusing on the fixed-price posting, buy-it-now auction and regular auction, we empirically investigate how the sellers choose the listing format and its associated strategic instruments to better understand their...
Persistent link: https://www.econbiz.de/10012975456
This paper presents the results of an experiment performed to test the properties of an innovative bargaining mechanism (called automated negotiation) used to resolve disputes arising from Internetbased transactions. Automated negotiation is an online sealed-bid process in which an automated...
Persistent link: https://www.econbiz.de/10012709741
In second price internet auctions with a fixed end time, such as those on eBay, many bidders "snipe", i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that …
Persistent link: https://www.econbiz.de/10013319851
Bidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end …-times. This paper examines the three explanations of late bidding in eBay auctions that survived the first scrutiny in Roth and …
Persistent link: https://www.econbiz.de/10011599112
auctions with no competition. A multiple market model is used to show variation in the number of auctions for the same product … participants is unobserved, when the number of competing auctions is unobserved and when there is observed bidder heterogeneity …
Persistent link: https://www.econbiz.de/10014200223
Internet auctions attract numerous agents, but only a few become active bidders. A major difficulty in the structural … analysis of internet auctions is that the number of potential bidders is unknown. Under the independent private value paradigm …
Persistent link: https://www.econbiz.de/10014218728