Title :
Strategic behaviour in competing auctions evidence on ebay
Author :
Pages, Juan Francisco ; Mochon, Asuncion
Author_Institution :
Dept. of Appl. Econ., UNED Univ. Madrid, Madrid, Spain
Abstract :
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 cross-bidding (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.
Keywords :
Web sites; consumer behaviour; electronic commerce; pricing; auctions evidence; bidding behaviour; eBay; final price evolution; price dispersion; strategic behaviour; Bayesian methods; Consumer behavior; Environmental economics; Internet; Power generation economics; competing auctions; cross-bidding; price decline anomaly; price dispersion; sniping;
Conference_Titel :
Information Management and Engineering (ICIME), 2010 The 2nd IEEE International Conference on
Conference_Location :
Chengdu
Print_ISBN :
978-1-4244-5263-7
Electronic_ISBN :
978-1-4244-5265-1
DOI :
10.1109/ICIME.2010.5477993
