In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … prices below those expected in second price auctions. Our proposed extension of the model results not only in a better fit of …

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 …

I model the environment of Internet auction sites, such as eBay, as sequential ascending auctions. New buyers may enter … the auction site after some of the auctions have completed and only bid for the remaining auctions. I characterize a … auctions while new entrants do not, information is asymmetric among buyers during the bidding process. Consequently, their …

trust in Internet environments and it has been argued that a lack of consumer trust is the primary barrier to the full … commercial development of the Internet (McCole and Palmer 2002).This paper reports on a case study of a U.S. organisation called …

from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. From the simple … a reservation bid for low-price auctions. Extending results from the empirical auction literature and employing a …

In Buy-It-Now (BIN, hereafter) auctions, sellers can make a "take-it-or-leave-it" price offer (BIN price) prior to an … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … BIN prices to eBay auctions has an enhancing effect: the eBay BIN auction is more efficient and generates significantly …

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 …

Because of discrete bid increments, bidders at electronic auctions engage in shading instead of revealing their …

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 …