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Selling and Bidding in Internet Auctions


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

This book presents an empirical analysis of price determinants and bidders' behavior in online auctions and We focus on the effect of sellers' feedback rating score and the phenomenon of sniping. Buyers in online auctions cannot personally inspect the quality of the product, so they have to rely on seller's honesty. In this setting, seller's rating may significantly contribute to the final price formation. Sniping is a bidding strategy, whereby a bidder waits until the last moment of the bidding period to place her bid. The impact of sniping on the final price and parameters affecting the probability of sniping are examined in this paper. The empirical results for both auction web sites show that seller's feedback rating score has significant impact on the final price. The tests regarding sniping provided significant results only for the eBay auction. The effect of sniping on final price is not clear since we obtain different results for different specifications, but we found out that the experience of a bidder increases the probability of placing snipe bid. The study should be especially useful to all users of internet auction portals.

Product Specifications
SKU :COC63825
AuthorBarbora Máková
Number of Pages112
Publishing Year2013-05-31T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00