Internet Auctions: Description, Bidders' Profiles and Implications
The increasing quantity of items bough and sold over the internet led to the success of internet auctions, to the introduction of new auction rules and the creation of new businesses and merger among existing ones. In this paper, we present a description of existing internet auction rules and typical profile of consumers who use them. We found that bidders are most likely located in the U.S., have some internet experience and skills and that they belong to the 26-50 years old age group. We also discuss the implication of online auctions on resource allocation.
|Date of creation:||24 Feb 2005|
|Date of revision:||26 Feb 2005|
|Note:||Type of Document - pdf; pages: 38. (Spring 2000)|
|Contact details of provider:|| Web page: http://econwpa.repec.org|
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