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This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple dynamic auction model with IPV and private bidding costs...
Persistent link: https://www.econbiz.de/10005121206
Exchange between anonymous actors in Internet auctions corresponds to a one-shot prisoner's dilemma-like situation …
Persistent link: https://www.econbiz.de/10005635075
Imbalances in supply and demand often cause the price for the same good to vary across geographic locations. Economic theory suggests that if the price differential is greater than the cost of transporting the good between locations, then buyers will shift demand from high-price locations to...
Persistent link: https://www.econbiz.de/10009358872
face-to-face auctions than at comparable Internet auctions. The comparison overcomes adverse selection issues that commonly … convenience and flexibility provided by Internet auctions, to reach buyers in other regions that face different seasonality in …
Persistent link: https://www.econbiz.de/10009442785
Engineering and Applied Sciences
Persistent link: https://www.econbiz.de/10009431920
Internet auction platforms are changing the face of transactions in many business sectors, including agriculture. We … provide one of the first systematic examinations of the differences between internet and in-person auctions in agricultural … internet for agricultural marketing are more likely to offer tractors for sale via in-person auctions than on eBay. …
Persistent link: https://www.econbiz.de/10009444983