Economics, Psychology, and Social Dynamics of Consumer Bidding in Auctions
AbstractWith increasing numbers of consumers in auction marketplaces, we highlight some recent approaches that bring additional economic, social, and psychological factors to bear on existing economic theory to better understand and explain consumers' behavior in auctions. We also highlight specific research streams that could contribute towards enriching existing economic models of bidding behavior in emerging market mechanisms. Copyright Springer Science + Business Media, Inc. 2005
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Bibliographic InfoArticle provided by Springer in its journal Marketing Letters.
Volume (Year): 16 (2005)
Issue (Month): 3 (December)
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Web page: http://www.springerlink.com/link.asp?id=100312
auctions; bidding; economic psychology; social dynamics; experimental economics;
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