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http://ssrn.com/abstract=467544
 
 

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Economic Insights from Internet Auctions: A Survey


Patrick Bajari


University of Michigan at Ann Arbor - Economics; National Bureau of Economic Research (NBER)

Ali Hortacsu


University of Chicago - Department of Economics; National Bureau of Economic Research (NBER)

November 2003

NBER Working Paper No. w10076

Abstract:     
This paper surveys recent studies of Internet auctions. Four main areas of research are summarized. First, economists have documented strategic bidding in these markets and attempted to understand why sniping, or bidding at the last second, occurs. Second, some researchers have measured distortions from asymmetric information due, for instance, to the winner's curse. Third, we explore research about the role of reputation in online auctions. Finally, we discuss what Internet auctions have to teach us about auction design.

Number of Pages in PDF File: 47

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Date posted: November 16, 2003  

Suggested Citation

Bajari, Patrick and Hortacsu, Ali, Economic Insights from Internet Auctions: A Survey (November 2003). NBER Working Paper No. w10076. Available at SSRN: http://ssrn.com/abstract=467544

Contact Information

Patrick Bajari (Contact Author)
University of Michigan at Ann Arbor - Economics ( email )
266 Lorch Hall
Ann Arbor, MI 48109
United States
734-763-5319 (Phone)
HOME PAGE: http://www-personal.umich.edu/~bajari/
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
Ali Hortacsu
University of Chicago - Department of Economics ( email )
1126 East 59th Street
Chicago, IL 60637
United States
773-702-5841 (Phone)
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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