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New Institutional Structures on the Internet: The Economic Design of Online Auctions Author info | Abstract | Publisher info | Download info | Related research | Statistics Axel Ockenfels ()
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The internet facilitates interactive and asynchronous communication among human and artificial agents in large bilateral markets. As a consequence, new institutional structures are emerging in the new economy. I discuss a few core problems associated with the economic design of internet markets and the way they are approached by eBay.com, a popular online auction platform.
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Paper provided by Max Planck Institute of Economics, Strategic Interaction Group in its series Papers on Strategic Interaction with number
2002-08.
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Length: 26 pages
Date of creation: Mar 2002Date of revision:
Handle: RePEc:esi:discus:2002-08Contact details of provider: Postal: Kahlaische Strasse 10, D-07745 Jena Phone: +49-3641-68 65 Fax: +49-3641-68 69 90 Web page: http://www.econ.mpg.de/ More information through EDIRC
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Paul Klemperer, 2000.
"Why Every Economist Should Learn Some Auction Theory ,"
Microeconomics
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[Downloadable!]
Other versions: Werner Güth & Axel Ockenfels, .
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Review of Economic Studies ,
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Ockenfels, Axel & Roth, Alvin E., 2006.
"Late and multiple bidding in second price Internet auctions: Theory and evidence concerning different rules for ending an auction ,"
Games and Economic Behavior ,
Elsevier, vol. 55(2), pages 297-320, May.
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"Collusion in second price auctions with heterogeneous bidders ,"
Games and Economic Behavior ,
Elsevier, vol. 3(4), pages 467-486, November.
[Downloadable!] (restricted)
Dan Ariely & Axel Ockenfels & Alvin E. Roth, 2002.
"An Experimental Analysis of Ending Rules in Internet Auctions ,"
Papers on Strategic Interaction
2002-47, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!]
Other versions:
Dan Ariely & Axel Ockenfels & Alvin E Roth, 2003.
"An Experimental Analysis of Ending Rules in Internet Auctions ,"
Levine's Bibliography
506439000000000433, UCLA Department of Economics.
[Downloadable!] Dan Ariely & Axel Ockenfels & Alvin E. Roth, 2003.
"An Experimental Analysis of Ending Rules in Internet Auctions ,"
CESifo Working Paper Series
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"An Experimental Analysis of Ending Rules in Internet Auctions ,"
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McAfee, R Preston & McMillan, John, 1996.
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Alvin E. Roth, 2002.
"The Economist as Engineer: Game Theory, Experimentation, and Computation as Tools for Design Economics ,"
Econometrica ,
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Okuno-Fujiwara Masahiro & Postlewaite Andrew, 1995.
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Milgrom, Paul R & Weber, Robert J, 1982.
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Econometrica ,
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American Economic Review ,
American Economic Association, vol. 78(4), pages 806-23, September.
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McAfee, R Preston & McMillan, John, 1987.
"Auctions and Bidding ,"
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repec:att:wimass:1920111 is not listed on IDEAS
Daniel Houser & John Wooders, 2006.
"Reputation in Auctions: Theory, and Evidence from eBay ,"
Journal of Economics & Management Strategy ,
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Axel Ockenfels & Alvin E. Roth, 2001.
"The Timing of Bids in Internet Auctions: Market Design, Bidder Behavior, and Artificial Agents ,"
Papers on Strategic Interaction
2002-33, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!]
Michael Peters & Sergei Severinov, 2001.
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peters-01-01, University of Toronto, Department of Economics.
[Downloadable!]
Other versions:
Peters, Michael & Severinov, Sergei, 2005.
"Internet Auctions with Many Traders ,"
Micro Theory Working Papers
peters-05-03-30-03-06-03, Microeconomics.ca Website, revised 23 Jan 2006.
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"Internet auctions with many traders ,"
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[Downloadable!] (restricted) David Lucking-Reiley, 2000.
"Vickrey Auctions in Practice: From Nineteenth-Century Philately to Twenty-First-Century E-Commerce ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 14(3), pages 183-192, Summer.
[Downloadable!] (restricted)
Alvin E. Roth & Axel Ockenfels, 2002.
"Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet ,"
American Economic Review ,
American Economic Association, vol. 92(4), pages 1093-1103, September.
[Downloadable!]
Other versions: North, Douglass C, 1991.
"Institutions ,"
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Benny Moldovanu & Manfred Tietzel, 1998.
"Goethe's Second-Price Auction ,"
Journal of Political Economy ,
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[Downloadable!] (restricted)
Patrick Bajari & Ali Hortacsu, 2000.
"Winner's Curse, Reserve Prices and Endogenous Entry: Empirical Insights from eBay Auctions ,"
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1927, Econometric Society.
[Downloadable!]
Peter Cramton, 1998.
"Ascending Auctions ,"
Papers of Peter Cramton
98eer, University of Maryland, Department of Economics - Peter Cramton, revised 28 Jul 1998.
[Downloadable!]
Other versions:
Full
references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Axel Ockenfels, 2002.
"Reputationsmechanismen auf Internet-Marktplattformen - Theorie und Empirie - ,"
Papers on Strategic Interaction
2002-46, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!]
Werner Güth & Axel Ockenfels, 2002.
"The Coevolution of Trust and Institutions in Anonymous and Non-anonymous Communities ,"
Papers on Strategic Interaction
2002-07, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!]
Gary Bolton, 2003.
"How Effective are Electronic Reputation Mechanisms? ,"
Working Papers
gb1, The Pennsylvania State University, Laboratory for Economic Mangement and Auctions, revised 01 Aug 2003.
[Downloadable!]
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