bidders with a reputation for defaulting, counter to the idea of deterring such behavior. Our auction experiments support …Winners in online auctions frequently fail to complete purchases. Major auction platforms therefore allow "second …-chance" offers, where the runner-up bidder pays his own bid price, and they let sellers leave negative feedback on buyers who default …

We experimentally study the role of reputation in procurement using two common mechanisms: price-based and buyer … prefer the buyer-determined auction over the price-based auction, while only half of the bidders do so. A more detailed …-determined auctions. While buyers are bound to buy from the lowest bidder in price-based auctions, they can choose between bidders in …

This paper studies the role of communication and reputation in market interactions using data from online procurement … auctions. Not only positive reputation ratings but also engaging in communication increases a bidder’s probability of winning … the auction. Messages are primarily used to reduce the asymmetric information associated with transactions …

auctions. In such equilibria auction revenue is an increasing convex function of seller reputation. Allowing unit …-bid, second-price, single-unit auctions for imperfect substitute goods to unit-demand buyers. Among other applications, these … settings can serve as an abstraction of large scale decentralized Internet auction marketplaces, such as eBay. I characterize …

of reputation on sale price. In contrast, our results point to a highly significant, and sizable, impact of reputation on … reputation. Several aspects distinguish our work from most existing research. We analyze a heterogeneous panel data consisting of … a large number of observations over a large period of time, including significant variation in reputation across and …

heterogeneity in the dispersion of private value components. I use the asymmetric ascending auction model of Hong and Shum (2003) to …

mechanisms − uniform price auction and a fixed price tender. We find that switching the pricing rule to uniform does not reduce …Treasuries all over the world sell sovereign bonds through an auction which is typically conducted by the central bank …. When volatility in financial markets is high, auctions may fail to elicit the true price of the bond. To study the impact …

At Internet auction sites like eBay, similar goods are often sold in a sequence of auctions, separated by small amounts …

advertise with a novel model of demand in an auction market environment. Because we explicitly model the process of arrival of …, and the final selling price. Using the structural model, we can also measure the effect of this form of advertising on the …