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Many Internet markets rely on feedback systems', essentially social networks of reputation, to facilitate trust and …
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The economic literature on online auctions is rapidly growing because of theenormous amount of freely available field data, moreover the emergence ofnumerous innovative auction design features on auction platforms such aseBay have created excellent research opportunities. In this article, we...
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The internet facilitates interactive and asynchronous communication among human and artificial agents in large … associated with the economic design of internet markets and the way they are approached by eBay.com, a popular online auction …
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A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which … the different ending rules under controlled conditions, without the other differences between internet auction houses that …
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In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …
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