منابع مشابه
Consumer Surplus in Online Auctions
Despite the growing research interest in Internet auctions, particularly those on eBay, little is known about the quantifiable consumer welfare accrued from such mechanisms. Using an ongoing novel field experiment, we collect and examine a unique dataset to empirically quantify and understand determinants of consumer surplus in eBay auctions. Our analysis, based on a sample of 5157 eBay auction...
متن کاملExtraction of the Surplus in Standard Auctions
Crémer and McLean [1] and McAfee and Reny [3] showed that, in “nearly all auctions”, the seller can offer a mechanism that obtains full rent extraction. The mechanism designed by Crémer and McLean differs from standard procedures in several respects. Notably, (a) bidders are required to buy “lotteries” in order to partecipate at the auction; (b) bidders are treated non-anonymously, in the sense...
متن کاملAnalysis and Design of Business - to - Consumer Online Auctions
Ravi Bapna • Paulo Goes • Alok Gupta Department of Operations and Information Management, U-41 IM, School of Business, University of Connecticut, Storrs, Connecticut 06269 Department of Operations and Information Management, U-41 IM, School of Business, University of Connecticut, Storrs, Connecticut 06269 Information and Decision Sciences Department, 3-365 Carlson School of Management, Universi...
متن کاملReputation, Reputation System and Reputation Distribution — An Explorative Study in Online Consumer-to- Consumer Auctions
Reputation is an important organization asset, particularly in the era of ecommerce. In an online consumer-to-consumer (C2C) auction market, a trader’s reputation sends an important signal to his trading partners in their decision-making, due to the nature of the anonymous transaction process. While prior research has shown that reputation systems, such as eBay’s
متن کاملConsumer Surplus in the Digital Economy: Estimating the Value of Increased Product Variety at Online Booksellers
Erik Brynjolfsson • Yu (Jeffrey) Hu • Michael D. Smith Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139 Sloan School of Management, Massachusetts Institute of Technology, Cambridge, Massachusetts 02139 The Heinz School of Public Policy and Management, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213 [email protected] • [email protected] • mds@cm...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.840264