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Online Auctions

In: Understanding Auctions

Author

Listed:
  • Asunción Mochón

    (UNED University)

  • Yago Sáez

    (University Carlos III of Madrid)

Abstract

In recent years, Internet auctions have experienced strong growth, increasing the volume of online trades. Driven by this fact as well as the possibility offered by certain platforms to obtain field data, research of online auctions has become a significant field.1 In this chapter, we will focus on the main auction models that are found on the Internet, as well as possible strategies used by the bidders. In this context, the work done by Ockenfels et al. [57] is worth mentioning because it comprises an excellent compilation of the main theoretical, experimental, and empirical work describing online auctions.

Suggested Citation

  • Asunción Mochón & Yago Sáez, 2015. "Online Auctions," Springer Texts in Business and Economics, in: Understanding Auctions, edition 127, chapter 9, pages 121-129, Springer.
    • Handle: RePEc:spr:sptchp:978-3-319-08813-6_9
    DOI: 10.1007/978-3-319-08813-6_9
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