DocumentCode
1681694
Title
Online Auctions: Insights into the First Bidder Discount
Author
Weber, Ilka
Author_Institution
University of Karlsruhe
fYear
2005
Firstpage
404
Lastpage
407
Abstract
Internet auctions like Amazon or eBay use an ascending bid auction as the basic auction format. This basic auction format can be augmented by various price features: the First Bidder Discount is one example. In a First Bidder Discount auction the bidder receives a discount on the price to pay if the bidder was the first to place a bid. The objective of this paper is to analyse this mechanism and to present a theoretical model describing the rules of a discount auction. Furthermore, an analysis of bidder behaviour and the timing of bids in internet auctions that include an added discount is investigated.
Keywords
Cost accounting; Information management; Internet; Timing;
fLanguage
English
Publisher
ieee
Conference_Titel
Applications and the Internet Workshops, 2005. Saint Workshops 2005. The 2005 Symposium on
Print_ISBN
0-7695-2263-7
Type
conf
DOI
10.1109/SAINTW.2005.1620060
Filename
1620060
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