IDEAS home Printed from https://ideas.repec.org/a/inm/ormksc/v29y2010i6p998-1000.html
   My bibliography  Save this article

Rejoinder--Causes and Implications of Some Bidders Not Conforming to the Sealed-Bid Abstraction

Author

Listed:
  • Robert Zeithammer

    (Anderson School of Management, University of California, Los Angeles, Los Angeles, California 90095)

  • Christopher Adams

    (Federal Trade Commission, Washington, DC 20580)

Abstract

This paper presents the authors' rejoinder to Zeithammer and Adams [Zeithammer, R., C. Adams. 2010. The sealed-bid abstraction in online auctions. Marketing Sci. 29(6) 964-987]. This rejoinder clarifies and qualifies conclusions of the original paper and makes suggestions for fruitful areas of future research. In particular, the original paper shows that bidding style can make a big difference in managerial decisions, but a structural model would be necessary to make confident predictions under different reserve prices. The rejoinder also clarifies the interpretation of feedback as a measure of bidder experience, and the relationship between bidder experience and bidding style.

Suggested Citation

  • Robert Zeithammer & Christopher Adams, 2010. "Rejoinder--Causes and Implications of Some Bidders Not Conforming to the Sealed-Bid Abstraction," Marketing Science, INFORMS, vol. 29(6), pages 998-1000, 11-12.
    • Handle: RePEc:inm:ormksc:v:29:y:2010:i:6:p:998-1000
    DOI: 10.1287/mksc.1100.0597
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mksc.1100.0597
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mksc.1100.0597?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Robert Zeithammer & Christopher Adams, 2010. "The Sealed-Bid Abstraction in Online Auctions," Marketing Science, INFORMS, vol. 29(6), pages 964-987, 11-12.
    2. Kannan Srinivasan & Xin Wang, 2010. "Commentary--Bidders' Experience and Learning in Online Auctions: Issues and Implications," Marketing Science, INFORMS, vol. 29(6), pages 988-993, 11-12.
    3. Xin Wang & Ye Hu, 2009. "The effect of experience on Internet auction bidding dynamics," Marketing Letters, Springer, vol. 20(3), pages 245-261, September.
    4. Ali Hortaçsu & Eric R. Nielsen, 2010. "Commentary--Do Bids Equal Values on eBay?," Marketing Science, INFORMS, vol. 29(6), pages 994-997, 11-12.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ernan Haruvy & Peter T. L. Popkowski Leszczyc, 2015. "The Loser’s Bliss in Auctions with Price Externality," Games, MDPI, vol. 6(3), pages 1-23, July.
    2. Platt, Brennan C., 2017. "Inferring ascending auction participation from observed bidders," International Journal of Industrial Organization, Elsevier, vol. 54(C), pages 65-88.
    3. Nicola Dimitri, 2022. "Last minute only bidding is implausible in eBay sealed bid type-of-auctions," Electronic Commerce Research, Springer, vol. 22(2), pages 225-239, June.
    4. Janne Tukiainen, 2017. "Effects of Minimum Bid Increments in Internet Auctions: Evidence from a Field Experiment," Journal of Industrial Economics, Wiley Blackwell, vol. 65(3), pages 597-622, September.
    5. Pownall, Rachel A.J. & Wolk, Leonard, 2013. "Bidding behavior and experience in internet auctions," European Economic Review, Elsevier, vol. 61(C), pages 14-27.
    6. Kannan Srinivasan & Xin Wang, 2010. "Commentary--Bidders' Experience and Learning in Online Auctions: Issues and Implications," Marketing Science, INFORMS, vol. 29(6), pages 988-993, 11-12.
    7. Jason Shachat & Lijia Wei, 2012. "Procuring Commodities: First-Price Sealed-Bid or English Auctions?," Marketing Science, INFORMS, vol. 31(2), pages 317-333, March.
    8. Ernan Haruvy & Peter T. L. Popkowski Leszczyc, 2010. "Search and Choice in Online Consumer Auctions," Marketing Science, INFORMS, vol. 29(6), pages 1152-1164, 11-12.
    9. Barkley, Aaron & Groeger, Joachim R. & Miller, Robert A., 2021. "Bidding frictions in ascending auctions," Journal of Econometrics, Elsevier, vol. 223(2), pages 376-400.
    10. Taylor, Greg, 2012. "Defensive sniping and efficiency in simultaneous hard-close proxy auctions," Journal of Mathematical Economics, Elsevier, vol. 48(1), pages 51-58.
    11. repec:wyi:journl:002158 is not listed on IDEAS
    12. Caio Waisman, 2021. "Selling mechanisms for perishable goods: An empirical analysis of an online resale market for event tickets," Quantitative Marketing and Economics (QME), Springer, vol. 19(2), pages 127-178, June.
    13. Zakonnik Łukasz & Czerwonka Piotr & Zajdel Radosław, 2022. "Online Auctions End Time and its Impact on Sales Success – Analysis of the Odds Ratio on a Selected Central European Market," Folia Oeconomica Stetinensia, Sciendo, vol. 22(2), pages 246-264, December.
    14. Anselma Wörner & Verena Tiefenbeck & Felix Wortmann & Arne Meeuw & Liliane Ableitner & Elgar Fleisch & Inês Azevedo, 2022. "Bidding on a Peer-to-Peer Energy Market: An Exploratory Field Study," Information Systems Research, INFORMS, vol. 33(3), pages 794-808, September.
    15. Brünner, Tobias & Reiner, Jochen & Natter, Martin & Skiera, Bernd, 2019. "Prospect theory in a dynamic game: Theory and evidence from online pay-per-bid auctions," Journal of Economic Behavior & Organization, Elsevier, vol. 164(C), pages 215-234.
    16. Joachim Freyberger & Bradley J. Larsen, 2022. "Identification in ascending auctions, with an application to digital rights management," Quantitative Economics, Econometric Society, vol. 13(2), pages 505-543, May.
    17. Onur, Ilke & Bruwer, Johan & Lockshin, Larry, 2020. "Reducing information asymmetry in the auctioning of non-perishable experience goods: The case of online wine auctions," Journal of Retailing and Consumer Services, Elsevier, vol. 54(C).
    18. Michael Scholz & Markus Franz & Oliver Hinz, 2016. "The Ambiguous Identifier Clustering Technique," Electronic Markets, Springer;IIM University of St. Gallen, vol. 26(2), pages 143-156, May.
    19. Michael Waterson & Chris Doyle, 2012. "Your Call: eBay and Demand for the iPhone 4☆," International Journal of the Economics of Business, Taylor & Francis Journals, vol. 19(1), pages 141-152, February.
    20. Martin Spann & Robert Zeithammer & Marco Bertini & Ernan Haruvy & Sandy D. Jap & Oded Koenigsberg & Vincent Mak & Peter Popkowski Leszczyc & Bernd Skiera & Manoj Thomas, 2018. "Beyond Posted Prices: the Past, Present, and Future of Participative Pricing Mechanisms," Customer Needs and Solutions, Springer;Institute for Sustainable Innovation and Growth (iSIG), vol. 5(1), pages 121-136, March.
    21. Arvind K. Tripathi & Young-Jin Lee & Amit Basu, 2022. "Analyzing the Impact of Public Buyer–Seller Engagement During Online Auctions," Information Systems Research, INFORMS, vol. 33(4), pages 1264-1286, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormksc:v:29:y:2010:i:6:p:998-1000. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.