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Late bidding, sellers' reputation and competing auctions: Empirical essays oneBay auctions.

机译:逾期竞标,卖方声誉和竞争性拍卖:经验论文oneBay拍卖。

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摘要

Sellers' reputation and bidding behavior on eBay auctions for brand new and used commodities. Using an original dataset of eBay auctions for brand new and used video games, this article shows that sellers of used commodities charge reputation premiums. Reputation, however, have no effect on the price of relatively inexpensive brand new commodities. Reputation did not have significant effects on the probability of making sales or bidding late.; Timing of the bids on eBay auctions for brand new goods. The existing literature on online auctions has pointed out an empirical regularity with respect to the timing of the bids: Most of the bidding activity is concentrated at the end of the auctions. Roth & Ockenfels (2002) argued that bidders wait until the end to avoid falling into bidding wars. I used a unique dataset on auctions for a Playstation II game to provide an empirical assessment of the sniping theory. I do not find empirical support for this theory.; Effects of competing and sequential auctions on bidders' behavior on eBay auctions. In most of the economic literature, online auctions are studied in isolation from each other. We study the effects of competing auctions that end at different times on Bidders' behavior. We use an original dataset of video games auctioned on eBay. Our main result shows that bidding activity tend to stop closer to the end of an auction when the difference between the closing times of that auction and the previous one is small. We also found that bidders facing competing auctions tend to bid in the first closing auction. These results suggest that late bidding in auctions with a hard stop time may not be equivalent to bidders waiting until the end of the auction to send their bids. We also found support for the idea that when facing competing auctions that end at similar times, bidders tend to bid at the auction with the lowest price. Our results also show that a bigger number of competing auctions reduces the final prices of the goods.
机译:卖家在eBay上拍卖全新和二手商品的声誉和出价行为。本文使用eBay拍卖的全新和二手视频游戏的原始数据集,显示二手商品的卖家收取声誉溢价。但是,声誉对相对便宜的全新商品的价格没有影响。声誉对延迟销售或竞标的可能性没有重大影响。在eBay上拍卖全新商品的竞标时间。现有的有关在线拍卖的文献指出了关于投标时间的经验规律性:大多数投标活动都集中在拍卖结束时。罗斯和奥肯费尔斯(Roth&Ockenfels(2002))认为,投标人要等到最后才避免陷入投标战。我在Playstation II游戏的拍卖中使用了唯一的数据集,以对狙击理论进行实证评估。我找不到该理论的经验支持。竞争性拍卖和顺序拍卖对eBay拍卖中投标人行为的影响。在大多数经济学文献中,在线拍卖都是彼此孤立地研究的。我们研究了在不同时间结束的竞价拍卖对出价人行为的影响。我们使用在eBay上拍卖的视频游戏的原始数据集。我们的主要结果表明,当竞价的结束时间与前一次竞价的时间差很小时,竞价活动往往会在竞价结束时停止。我们还发现,面对竞争性拍卖的竞标者倾向于在首次闭幕拍卖中竞标。这些结果表明,具有硬停止时间的竞标中的延迟竞标可能不等于竞标者等到竞标结束后才发送出价。我们还支持以下观点:当竞标者在相似的时间结束竞标时,往往会以最低的价格竞标。我们的结果还表明,大量竞争性拍卖会降低商品的最终价格。

著录项

  • 作者

    Ruiz M., Alexander A.;

  • 作者单位

    Rice University.;

  • 授予单位 Rice University.;
  • 学科 Economics General.
  • 学位 Ph.D.
  • 年度 2004
  • 页码 89 p.
  • 总页数 89
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 经济学;
  • 关键词

  • 入库时间 2022-08-17 11:44:07

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