Economic Insights from Internet Auctions: A Survey
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.Download Info
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 10076.Length:
Date of creation: Nov 2003
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Handle: RePEc:nbr:nberwo:10076
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Related research
Keywords:Find related papers by JEL classification:
- L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance
- D8 - Microeconomics - - Information, Knowledge, and Uncertainty
This paper has been announced in the following NEP Reports:
- NEP-ALL-2003-11-30 (All new papers)
- NEP-NET-2003-12-07 (Network Economics)
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Alberto Cavallo & Roberto Rigobon, 2011.
"The Distribution of the Size of Price Changes,"
NBER Working Papers
16760, National Bureau of Economic Research, Inc.
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