In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study … predictions of a model by combining the real auction environment (eBay auction platform and eBay traders) with the techniques of … lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction …

to auction prices substantially below those expected in second-price auctions. Our results reveal that the observed price … deviations are not an artefact due to the existence of the BIN price, rather a consequence of the specific features of the eBay-auction … format - a mixture between sealed-bid and open second-price auction with a fixed end-time. Moreover, we find that information …

does not effect their price decisions. Compared to an eBay auction without a BIN-price, the BIN-auction is more efficient … format leads to prices substantially below those expected in second-price auctions. Moreover, our results reveal that the … information available on eBay about buyer experience and bidding behavior correlates with the observed price deviation. Sellers …

one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid … auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

This article is an experimental investigation on decision making in online auction markets. We focus on a widely used … format, the Buy-It-Now auction on eBay, where sellers post prices at which buyers can purchase a good prior to an auction … sellers. In this article, we study how sellers set Buy-It-Now prices by combining the use of a real online auction market (the …

one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second 'price sealed' bid … auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second–price sealedâ …€“bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

one potential buyer about the price of the good. If the negotiation fails to produce a sale, a second-price sealed …-bid auction with an additional buyer is conducted. The theoretical model predicts that with risk neutral agents all sales take … place in the auction rendering the negotiation prior to the auction obsolete. An experimental test of the model provides …

overbidding in auctions. As a workhorse we use the second-price all-pay and the first-price winner-pay auction. Both risk and …. Indeed, we find that spite is a more convincing explanation for bidding behavior for the second-price all-pay auction. Not … predictions in the second-price all-pay auctions for spiteful preferences are different than those for risk averse preferences …

. Employing an order-balanced design, we use first-price auctions (FPAs) to expose participants to an auction format in which …Overbidding in second-price auctions (SPAs) has been shown to be persistent and associated with cognitive ability. We …