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auction model in which a seller's choice of reserve price signals her private information about the object's quality. We show …. We estimate the reserve price signaling model using a novel dataset from a large online auto auction platform. We find …
Persistent link: https://www.econbiz.de/10013242047
This paper analyzes in a spatial framework how much information a seller discloses about the variety he sells when he faces a buyer with a privately known taste for variety. I identify an equilibrium in which, for each possible variety, the seller's optimal strategy consists of either fully...
Persistent link: https://www.econbiz.de/10014188508
We study the voluntary revelation of private information in a labor-market experiment where workers can reveal their productivity at a cost. While rational revelation improves a worker's payoff, it imposes a negative externality on others and may trigger further revelation. Such unraveling can...
Persistent link: https://www.econbiz.de/10010437281
Many everyday activities are habitual. Among the most common human activities is communication. If people primarily communicate in a common-interests environment, they may form habits of truth-telling and believing messages. If they primarily communicate in a conflicting-interests environment,...
Persistent link: https://www.econbiz.de/10012887895
opportunity to accept a posted price offer from the seller before the start of the auction. Bringing the field into the lab, we …
Persistent link: https://www.econbiz.de/10010365897
auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price …
Persistent link: https://www.econbiz.de/10011902715
does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient …
Persistent link: https://www.econbiz.de/10012309640
Persistent link: https://www.econbiz.de/10009740981
Keyword advertising, or "sponsored links" that appear alongside online search results or other online content, has grown into a multibillion-dollar market. Providers of keyword advertising, such as Google and Yahoo!, profit by auctioning keywords to advertisers. One issue of increasing...
Persistent link: https://www.econbiz.de/10014058471
two auctions, we vary auction design features between and within pairs including shipping cost, open reserve, secret … auction choice by bidders are indeed related to search costs. We find strong inertia in auction choice and find that this … effect significantly interacts with time left in the auction. While individuals do not always choose a lower priced auction …
Persistent link: https://www.econbiz.de/10013069478