claim that market competition andbidding in an auction should be analyzed as part of one game, where the pricingstrategies …

claim that market competition and bidding in an auction should be analyzed as part of one game, where the pricing strategies … in the market subgame depend on the bidding strategies during the auction. I show that the only equilibrium in the …

-it-now (BIN) price to maximize revenue. The three main sales channels in the online auction (the pure auction, the BIN auction … price for the BIN auction, which in turn is greater than that for the pure auction. This prediction is confirmed by data … from eBay's auction of iPods. Using the seller's inventory as a proxy for his degree of time-preference, the data also …