Economic Insights from Internet Auctions

نویسندگان

  • PATRICK BAJARI
  • ALI HORTAÇSU
چکیده

457 1 Bajari: Duke University and NBER. Hortacsu: University of Chicago and NBER. We thank the editor, two anonymous referees, Ginger Jin, Axel Ockenfels, David Reiley, Paul Resnick, and Alvin Roth for their very detailed and insightful comments on various drafts of this document. We thank the National Science Foundation for partial research support, grants SES-0012106 (Bajari) and SES-0242031 (Hortaçsu). 2 There are several interesting accounts of the early development of internet auctions. Cohen (2002) chronicles the development of eBay through in-depth interviews of eBay founders, executives, and users. David LuckingReiley (2000b) provides an insightful description of internet auction sites and auction mechanisms across different market segments.

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Strategic Pricing in Online Auctions

As many authors have noted, the past decade has experienced a dramatic rise in the number and dollar value of commercial transactions conducted through internet-based auctions. EBay, arguably the largest of the internet auction sites, claimed 95 million registered users in 2003 accounting for a total transaction volume of $24 billion – a 60% increase from the previous year (eBay 2005). While th...

متن کامل

Cyberspace Auctions and Pricing Issues: A Review of Empirical Findings

This article surveys empirical ...ndings from recent studies of Internet auctions and summarizes the economic insights gained from these ...ndings. The main questions addressed in this article are: What are the rules of the game used in online auctions and how do these rules in‡uence bidding behavior, such as sniping or bid shading? Is a good reputation, as measured by a seller’s feedback, valu...

متن کامل

Cyberspace Auctions and Pricing Issues: A Review of Empirical Findings

This article surveys empirical findings from recent studies of Internet auctions and summarizes the theoretical insights gained from these findings. The main questions answered in this article are: What are the price formation mechanisms used in Internet auctions? What are the main causes of informational asymmetry in these online environment, and how can the extent of these asymmetries be quan...

متن کامل

Marketing Letters , 13 ( 3 ) , August 2002 AUCTIONS : RESEARCH OPPORTUNITIES IN MARKETING

Despite growing interest in traditional and Internet auctions, the marketing literature on auctions is sparse. This paper outlines selected aspects of the research opportunity. We provide a brief description of the major auction mechanisms, outline key concepts and results from the economic analysis of auctions, and summarize the key findings in empirical tests of auction theory. We then identi...

متن کامل

Auctions: Research Opportunities in Marketing

Despite growing interest in traditional and Internet auctions, the marketing literature on auctions is sparse. This paper outlines selected aspects of the research opportunity. We provide a brief description of the major auction mechanisms, outline key concepts and results from the economic analysis of auctions, and summarize the key findings in empirical tests of auction theory. We then identi...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2004