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eBay environment in the laboratory, we find that the eBay auction format supports deviations from truthful bidding leading … auction. We analyse experimentally how eBay sellers set BIN prices and whether they benefit from offering them. Using the real … 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
information available on eBay about buyer experience and bidding behavior correlates with the observed price deviation. Sellers … 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
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For companies, it is essential to obtain information about customers' preferences to successfully market their products and services. Experimental auctions are a promising method for acquiring such information considering that they are incentive compatible and non-hypothetical. Their...
Persistent link: https://www.econbiz.de/10014390433
such products and pay a premium for them when shopping. We provide new evidence on consumer behavior from an experiment … conducted on eBay. We find that the Fair Trade label has a substantial positive effect on bidding for coffee. On average …
Persistent link: https://www.econbiz.de/10013093576
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lab experiments. We observe that the eBay auction format supports deviations from truthful bidding leading to auction … level that eBay auction prices deviate from prices based on true value bidding. Sellers adjust their Buy-it-Now prices …In eBay s Buy-it-Now auctions sellers can post prices at which buyers can purchase a good prior to an auction. We study …
Persistent link: https://www.econbiz.de/10010491157
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011429743
A human subject laboratory experiment compares the real-time market performance of the two most popular auction formats … configurations and is statistically significant in most treatments. Revenue capture tends to be similar across auction formats in …
Persistent link: https://www.econbiz.de/10011433875