|
||||
|
||||
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. Institutional subscribers to the NBER working paper series, and residents of developing countries may download this paper without additional charge at www.nber.org. Working Paper Series Date posted: November 16, 2003 ; Last revised: September 17, 2009Suggested CitationContact Information
|
|
|||||||||||||||||||||||||
© 2009 Social Science Electronic Publishing, Inc. All Rights Reserved. Terms of Use Privacy Policy
This page was served by apollo2 in 0.109 seconds.