We extend transaction cost economics by examining the effect of relaxing two of its underlying assumptions. First, transaction cost economics relies on an assumption of risk neutrality. We argue that organizations transactions vary in the risk they impose on an organization and that...

Auctions are widely used online to conduct commercial transactions. An important feature of online auctions is that even bidders who intend to buy a single object frequently have the opportunity to bid in sequential auctions selling identical objects. This paper studies key features of the...