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Handeln Wirtschaftssubjekte rational? Empirische Evidenz aus Internet-Auktionen

  • Quitzau, Jörn
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    Volkswirtschaftliche Modelle unterstellen im Regelfall rationale, nutzenmaximierende Wirtschaftssubjekte. Insbesondere die experimentelle Wirtschaftsforschung versucht mit Hilfe von Laborexperimenten – also unter künstlichen Bedingungen -, diese Verhaltensannahme zu verifizieren bzw. zu falsifizieren. Die Ergebnisse von Experimenten müssen mit einiger Vorsicht interpretiert werden, da die Laborsituation die Realität oft nicht ausreichend abbildet. Internet-Auktionen bieten dagegen die Möglichkeit, das Verhalten von Wirtschaftssubjekten unter realen Bedingungen zu beobachten und mit den theoretischen Erwartungen zu vergleichen. Die Analyse von Auktionen des Marktführers Ebay zeigt, dass sich die Auktionsteilnehmer nicht selten anders verhalten, als es theoretisch zunächst zu erwarten wäre. Ein wichtiger Erklärungsfaktor dürfte das Herdenverhalten unter den Auktionsteilnehmern sein. Bei genauerer Betrachtung stellt sich aber auch heraus, dass zumindest ein Teil der vermeintlichen Irrationalitäten doch mit rationalem Verhalten erklärbar ist.

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    Paper provided by Deutsche Bank Research in its series Research Notes with number 12.

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    Date of creation: 2004
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    Handle: RePEc:zbw:dbrrns:12
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    1. Katkar Rama & Reiley David H, 2007. "Public versus Secret Reserve Prices in eBay Auctions: Results from a Pokémon Field Experiment," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 5(2), pages 1-25, January.
    2. Robert J. Shiller, 2003. "From Efficient Markets Theory to Behavioral Finance," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 83-104, Winter.
    3. Patrick Bajari & Ali Hortacsu, 2000. "Winner's Curse, Reserve Prices and Endogenous Entry: Empirical Insights from eBay Auctions," Econometric Society World Congress 2000 Contributed Papers 1927, Econometric Society.
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