Title :
Online Auctions: Insights into the First Bidder Discount
Author_Institution :
University of Karlsruhe
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;
Conference_Titel :
Applications and the Internet Workshops, 2005. Saint Workshops 2005. The 2005 Symposium on
Print_ISBN :
0-7695-2263-7
DOI :
10.1109/SAINTW.2005.1620060
