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The Seller's listing strategy in online auctions: evidence from eBay

Chen, Kong-Pin; Liu, Yu-Sheng; Yu, Ya-Ting - 2012

The paper empirically studies why the sellers of identical commodities adopt dier- ent auction formats in the online … auction, and the consequences thereof. We postulate that the sellers adopt dierent auction formats because of the dierences in …'s choice between three auction formats: xed-price, buy-it-now (BIN), and pure auctions. We then estimate the dierences in sales …

Persistent link: https://www.econbiz.de/10015231783

A dynamic model of auctions with buy-it-now: theory and evidence

Chen, Jong-Rong; Chen, Kong-Pin; Chou, Chien-Fu; Huang, … - 2006

greater than a threshold value. The theory also implies that the expected transaction price is higher in an auction with an …

Persistent link: https://www.econbiz.de/10015231785

Small Scale Privatization in Eastern Europe and Russia from a Historical and Comparative Perspective

Gács, János; Karimov, Il'dar; Schneider, Christoph - 1992

This Working Paper is a summary of a workshop which was held at the International Institute for Applied Systems Analysis (IIASA), Laxenburg, Austria in 1992. Small scale privatization (SSP) of shops, restaurants and other consumer services has been accomplished in the first stage of the complex...

Persistent link: https://www.econbiz.de/10015245486

Supply chain configuration under information sharing

Kashefi, Mohammad Ali - 2012

This paper examines the effect of information sharing on supply chain configuration where the market characterized by demand uncertainty. A dynamic multi-stage game theoretic model with incomplete information is employed to capture the sequence of events. Our supply chain consists of two...

Persistent link: https://www.econbiz.de/10015233938

Cross-Checking the Media

Rudiger, Jesper - 2013

A characteristic of the news market is that consumers often cross-check information, i.e. observe several news outlets. At the same time, data on political media suggest that more partisan consumers are more likely to cross-check. We explore these phenomena by building a model of horizontal...

Persistent link: https://www.econbiz.de/10015239859

Analyse de l'impact des coûts de participation sur la stratégie des enchérisseurs dans les Prises de contrôle

Burkart, Mike - 2009

We consider a takeover in which risk neutral bidders must incur participation costs and study their optimal strategy. We found that bidders decision of participation is endogenous. There is a threshold of private participation cost above that a potential bidder will stay out of takeover process....

Persistent link: https://www.econbiz.de/10015215914

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2008

ascending auction is a natural institution for achieving either efficient or optimal outcomes. Interestingly, this is not the … case for sequential second-price auctions, as the bids in a second-price auction do not reveal sufficient information to …

Persistent link: https://www.econbiz.de/10015216671

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2009

Persistent link: https://www.econbiz.de/10015216708

Auctions with Dynamic Populations: Efficiency and Revenue Maximization

Said, Maher - 2009

-maximizing incentive compatible direct mechanisms. Our main result shows that the sequential ascending auction is a simple indirect …

Persistent link: https://www.econbiz.de/10015217921

The more the merrier? Number of bidders, information dispersion, renegotiation and winner’s curse in toll road concessions

Athias, Laure; Nunez, Antonio - 2008

We empirically assess the winner’s curse effect in auctions for toll road concessions. First, we investigate the overall winner’s curse effects on bidding behaviour. Second, we account for differing levels of common-value components. Third, we investigate whether the possibility of...

Persistent link: https://www.econbiz.de/10015218038