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      eBay in the economic literature: analysis of an auction marketplace

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      Author
      Hasker, K.
      Sickles, R.
      Date
      2010
      Source Title
      Review of Industrial Organization
      Print ISSN
      0889-938X
      Electronic ISSN
      1573-7160
      Publisher
      Springer New York LLC
      Volume
      37
      Issue
      1
      Pages
      3 - 42
      Language
      English
      Type
      Article
      Item Usage Stats
      119
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      1,222
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      Abstract
      This survey brings together theoretical and empirical questions that have been addressed in the economic literature on eBay, focusing on understanding the behavior of buyers and sellers. We discuss several puzzles of bidder behavior and the explanations that have been put forward by the literature for each. We then discuss structural estimates of bidder behavior and measuring the consumer surplus derived from eBay. We then try to understand why there are so many selling formats being used simultaneously, and then focus on the critical decision variables for a seller in an eBay English auction. Finally we analyze how trustworthy eBay sellers are on average, and whether the feedback system provides strong incentives for good behavior. © 2010 Springer Science+Business Media, LLC.
      Keywords
      eBay
      eBay consumer surplus
      English ascending auctions
      Online auctions
      Attitudinal survey
      Commodity market
      Consumption behavior
      Public attitude
      World Wide Web
      Permalink
      http://hdl.handle.net/11693/22221
      Published Version (Please cite this version)
      http://dx.doi.org/10.1007/s11151-010-9257-5
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      • Department of Economics 649
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