A theoretical and empirical investigation of multi-item on-line auctions
Information Technology and Management
Issues in computational Vickrey auctions
International Journal of Electronic Commerce - Special issue: Intelligent agents for electronic commerce
An integrated model exploring sellers' strategies in eBay auctions
Electronic Commerce Research
Designing On-Line Mediation Services for C2C Markets
International Journal of Electronic Commerce
Reputation and Dispute in eBay Transactions
International Journal of Electronic Commerce
The Impact of eBay's Buy-It-Now Function on Bidder Behavior
International Journal of Electronic Commerce
E-auction in China: the case of Taobao
International Journal of Electronic Finance
The segment approach time axis algorithm for proxy bidding application in online auction
MMACTEE'08 Proceedings of the 10th WSEAS International Conference on Mathematical Methods and Computational Techniques in Electrical Engineering
Social Science Computer Review
Impact of Electronic Auctions on Health Care Markets
Electronic Markets
Bid or Buy? Individual Shopping Traits as Predictors of Strategic Exit in On-Line Auctions
International Journal of Electronic Commerce
Estimating Time Required to Reach Bid Levels in Online Auctions
Journal of Management Information Systems
Operational efficiency of decentralized Internet auction mechanisms
Electronic Commerce Research and Applications
Vickrey vs. eBay: Why Second-Price Sealed-Bid Auctions Lead to More Realistic Price-Demand Functions
International Journal of Electronic Commerce
Bidding Patterns, Experience, and Avoiding the Winner's Curse in Online Auctions
Journal of Management Information Systems
Seller Strategies for Differentiation in Highly Competitive Online Auction Markets
Journal of Management Information Systems
On the network effect in Web 2.0 applications
Electronic Commerce Research and Applications
Bidding Patterns, Experience, and Avoiding the Winner's Curse in Online Auctions
Journal of Management Information Systems
Seller Strategies for Differentiation in Highly Competitive Online Auction Markets
Journal of Management Information Systems
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eBay is the most successful of the many consumer-related on-line auction sites on the World Wide Web. Single-item auctions on eBay share characteristics with both English auctions and a hybrid combination of first-price and second-price sealed-bid auctions. Auctions on eBay allow bidders to choose between two different methods of bidding. A field study was conducted to determine the effects of bidding strategy on revenue realized in auctions conducted under the eBay market structure. The research draws on traditional auction theory derived from an examination of "live" auctions not mediated by computers. The results indicate differences between predicted and observed behavior. Two groups of bidders pay "insurance" premiums to ensure that their bidding is successful. These findings should generalize to other auction Web sites with similar market structures and have implications for bidders, sellers, and managers of auction Web sites.