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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 …
Persistent link: https://www.econbiz.de/10014164583
advertise with a novel model of demand in an auction market environment. Because we explicitly model the process of arrival of …
Persistent link: https://www.econbiz.de/10014026722
, buy-it-now auction and regular auction, we empirically investigate how the sellers choose the listing format and its … auction outcomes are related to this behavior. Based on the estimated model, we then conduct a counterfactual analysis. We …
Persistent link: https://www.econbiz.de/10012975456
The paper presents a framework for estimating a demand system from price data generated by a large scale auction … platform such as eBay. Auction prices are used to identify characteristics of the joint distribution using an order statistics …
Persistent link: https://www.econbiz.de/10014200223
At Internet auction sites like eBay, similar goods are often sold in a sequence of auctions, separated by small amounts …
Persistent link: https://www.econbiz.de/10014029703
The Internet enables sellers to offer products through multiple channels simultaneously. In particular, many sellers …, we study seller behavior and auction outcomes in the context of multichannel retailing. Our model shows that seller … characteristics which affect the distribution and volume of offers in the non-auction channels impact the probability an auction ends …
Persistent link: https://www.econbiz.de/10014166951
We study actual bidding behavior when a new auction format gets introduced into the marketplace. More specifically, we … investigate this question using a novel dataset on internet display advertising auctions that exploits a staggered adoption by … study regression estimates indicate that, immediately after the auction format change, the revenue per sold impression …
Persistent link: https://www.econbiz.de/10013307293
auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …
Persistent link: https://www.econbiz.de/10011902715
does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …
Persistent link: https://www.econbiz.de/10012309640
number of participants at each auction is observed. From this bound, however, we establish nonparametric identification of … the arrival process of bidders-the process that matches potential buyers to auction listings - which then allows us to …
Persistent link: https://www.econbiz.de/10011801575