Год выпуска: 2008 Автор: Saumyanil Deb Издательство: Страниц: 104 ISBN: 3639064224
Описание
This book is based on a Ph.D. dissertation written at University of Mississippi. It investigates the decision about the revelation of bidder information in online auctions. It makes a novel contribution to the literature by investigating the relationship between bidder information asymmetry and bidder experience level. Bidder information is a signal about the experience level of bidder. Bidder experience affects the strategic decisions of both buyers and sellers. Using data from 500 Egyptian antique auctions (a common value auction) and 500 laptop auctions (a private value auction), following main results are identified. First, in common value auctions, sellers earn higher average prices when they conceal bidder information. In private value auctions, sellers generate higher average prices when proportionally more inexperienced bidders are present, regardless of whether or not they reveal bidder information. Then, in common value auctions, late bidding is observed more frequently...
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