In this paper we introduce a new type of experiment that combines the advantages of lab and field experiments. The … experiment is conducted in the lab but using an unchanged market environment from the real world. Moreover, a subset of the … experiment to study seller behavior in online auctions with a Buy-It-Now feature, where early potential bidders have the …

trade. Those auctions come in a variety of different formats, such as the Buy-It-Now auction format on eBay, that allows … sellers to post prices at which buyers can purchase a good prior to the auction. Even though, buyer behavior is well studied … auction market (the eBay platform and eBay traders) with the techniques of lab experiments. We find a striking link between …

their auction end at the evening, when many potential buyers may be online. …

of anonymous internet trading platforms. We document an asymmetry in the feedback behavior on eBay, propose an …

auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

between auction formats. The finding is that bidders strongly prefer the ascending to the first price sealed bid auction on a … ceteris paribus basis but they are not willing to pay up to an entry price for entering into an ascending auction instead of a ….e. a dislike for some aspect of the clock based bidding mechanism. We find that neither alternative explanation can account …