The paper presents a framework for estimating a demand system from price data generated by a large scale auction … platform such as eBay. Auction prices are used to identify characteristics of the joint distribution using an order statistics …

auctions covering three major issues; censoring bias, auction heterogeneity and dynamic bidding. The first section of the paper … heterogeneity, observed and unobserved item heterogeneity or unobserved auction heterogeneity. In particular it is shown that a …

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

social welfare. They persist in current auction-based PPA mechanisms, such as the ones used by Google and Yahoo. In the …

valuation of the item. We use an innovative approach of illustrating auction data in the form of a network. The rich network …, but on those with high pre-auction estimated values. They also tend to bid more in the second half of the auction as … compared to the first half. Implications for the auction house managers were also presented …

incorporates a random number of participating bidders in each auction, allows for any bid distribution, and is not restricted to … the single-auction expected revenue function. We show that a monotone staircase with unit jumps policy is optimal and … order condition is met in common online auction mechanisms …

Operators of online auction venues, such as eBay, face competing demands. Most of those operators are reliant on income … auction will tend to lower their transaction costs (the costs of engaging in the transaction itself) and may enable the … auction website to generate network effects which increase its market share. This article examines the decisions resolving two …