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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Price Variations in Online Auctions

Price Variations in Online Auctions

Hou, Jianwei

Paperback

Business General

ISBN10: 3639048784
ISBN13: 9783639048780
Publisher: Blues Kids Of Amer
Published: Jun 25 2008
Pages: 156
Weight: 0.48
Height: 0.33 Width: 6.00 Depth: 9.00
Language: English
In a thick market with a large number of homogeneous goods, it is often assumed that prices tend to converge. This assumption, how-ever, does not hold in the context of online auctions. The goal of this work is to investigate how different factors may con-tribute to the auction price variation in a thick market. My approach is to systematically examine both the supply and demand side. On the supply side, both seller expertise and selling strategy influence the auction price, while seller expertise also affects how sellers develop their selling strategy. Likewise, on the demand side, both bidder ex-pertise and bidding strategy influence the auction price, while bidder expertise also affects how bidders set their bidding strategy. The effect of these factors on price tends to vary across different levels of quality uncertainty. Drawing on auction theory, signaling theory and past empirical work, this study develops a framework to guide current as well as future research in the area of online auctions.

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