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data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …
Persistent link: https://www.econbiz.de/10012465877
consumer search on the internet. The extensive nature of the eBay data allows us to examine a rich and detailed set of …
Persistent link: https://www.econbiz.de/10012456373
This paper describes the results of a web-based multi-period insurance purchasing experiment focusing on how … been uninsured. In this sense, the study shows that a loss coupled with emotions is likely to play an important role in …
Persistent link: https://www.econbiz.de/10012457780
incomplete bid data typically available to the auction designer in online auctions for advertising or e-commerce. This direct … auction observations needed in order for revenue under the estimated reserve price to approximate revenue under the optimal … reserve arbitrarily closely. This simple approach to estimating reserves may be particularly useful for auction design in Big …
Persistent link: https://www.econbiz.de/10012453022
The transition of the advertising market from traditional media to the internet has induced a proliferation of … marketing agencies specialized in bidding in the auctions that are used to sell ad space on the web. We analyze how collusive … bidding can emerge from bid delegation to a common marketing agency and how this can undermine the revenues and allocative …
Persistent link: https://www.econbiz.de/10012453751
A common complaint about online auctions for consumer goods is the presence of "snipers," who place bids in the final seconds of sequential ascending auctions with predetermined ending times. The literature conjectures that snipers are best-responding to the existence of "incremental" bidders...
Persistent link: https://www.econbiz.de/10012457724
competitive firm. We implement our recovery method in a purpose-built experiment. We quantitatively assess the trade-off between …
Persistent link: https://www.econbiz.de/10012480875
A wealth of evidence shows that individuals are biased and firms can often exploit consumers' behavioral biases in their contract designs. In this paper, we study how vulnerable biased individuals are to their own behavioral biases in market equilibrium, and focus on the role of risk aversion...
Persistent link: https://www.econbiz.de/10012482340
changes in the behavior of experiment participants. We study this question using eight popular games in experimental economics … results. Further exploration shows that poor calibrators also show marginally higher levels of negative emotion, which is …
Persistent link: https://www.econbiz.de/10012482442
Using data from a field experiment on exercise, we analyze the relationship between imperfect memory and people …
Persistent link: https://www.econbiz.de/10013537719