Strategic Behaviour in Competing Auctions Evidence on eBay
This paper provides an empirical research about bidding behaviour and final price evolution in competing auctions. The results obtained have been supported with online auctions data from eBay. About bidding behaviour, we found that bidders use crossbidding (bidding between competing auctions) and sniping (last minute bidding on an item) strategies to maximise their profits. Moreover, no price decline anomaly was found although there was price dispersion amongst homogeneous lots.
competing auctions cross-bidding sniping price decline anomaly price dispersion.
Juan Francisco Pages Asuncion Mochon
Department of Applied Economics UNED University Madrid, Spain
国际会议
成都
英文
1-5
2010-04-16(万方平台首次上网日期,不代表论文的发表时间)