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In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …
Persistent link: https://www.econbiz.de/10011508091
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … the different ending rules under controlled conditions, without the other differences between internet auction houses that … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which …
Persistent link: https://www.econbiz.de/10011508080
Persistent link: https://www.econbiz.de/10003397190
German (and Austrian) UMTS auction. In particular, we discuss in detail the exposure problem that caused firms in Germany to …
Persistent link: https://www.econbiz.de/10011409210
The second-generation GSM spectrum auction in Germany is probably the most clear cut example of a low price outcome in … a simultaneous ascending-bid auction.The present paper gives an account of the events, describes the auction rules and …
Persistent link: https://www.econbiz.de/10011399147
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more … competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … presents a game theoretic explanation of observed events during the crucial phase of that auction, which have puzzled several …
Persistent link: https://www.econbiz.de/10011400807
We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market …, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs), and CPs sell consumers … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …
Persistent link: https://www.econbiz.de/10011305392
This paper studies the investment decision by a monopolistic internet service provider (ISP) in different regulatory …
Persistent link: https://www.econbiz.de/10012158085
avoidance; but, if online firms remit taxes, online sales may put upward pressure on tax rates because internet sales help … enforce destination-based taxes. I find that higher internet penetration generally results in lower municipal tax rates, but … standard deviation increase in internet penetration lowers local sales taxes in large municipalities by 0.15 percentage points …
Persistent link: https://www.econbiz.de/10012485221
Several million people currently have accounts in massively multi-player online games, places in cyberspace that are effectively large-scale shared virtual reality environments. The population of these virtual worlds has grown rapidly since their inception in 1996; significantly, each world also...
Persistent link: https://www.econbiz.de/10011410451