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Internet auctions are an important resource in the business-to-business (B2B) market for companies that want to save money and increase profits. Understanding how auctions work on the Internet is mandatory in today's marketplace. Auctions can be used to do everything from selling excess...
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auction behavior as a result of learning. Organizational characteristics include number of employees and purchasing authority …
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Online auction environments provide several sources of information that can be used by bidders to form their bids. The … behavior and concurrent prices, formed from other open and just-finished auctions relative to the focal auction. We also study … cantly associated with the auction's nal price, contingent on the type of first bidder. Auctions are increasingly being used …
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