Forward-looking bidding in online auctions
نویسنده
چکیده
Vol. XLIII (August 2006), 462–476 462 © 2006, American Marketing Association ISSN: 0022-2437 (print), 1547-7193 (electronic) *Robert Zeithammer is Assistant Professor of Marketing, Graduate School of Business, University of Chicago (e-mail: rzeitham@ chicagoGSB.edu). The author thanks John Little, Birger Wernerfelt, Elie Ofek, Dan Ariely, Sergei Izmalkov, Jeroen Swinkels, Jean-Pierre Dube, Uri Simonsohn, the two anonymous JMR reviewers, and seminar participants at several marketing departments around the country, where he presented a version of this article in 2002. ROBERT ZEITHAMMER*
منابع مشابه
Combating Shill Bidding in Real Time: Prevention, Detection and Response
Human cheating has been a barrier to establishing trust among e-commerce users, throughout the last two decades. In particular, in online auctions, since all the transactions occur among anonymous users, trust is difficult to establish and maintain. Shill bidding happens when bidders bid exclusively to inflate (in forward auctions) or deflate (in reverse auctions) prices in online auctions. At ...
متن کاملThe Timing of Bid Placement and Extent of Multiple Bidding: An Empirical Investigation Using eBay Online Auctions
Online auctions are fast gaining popularity in today’s electronic commerce. Relative to offline auctions, there is a greater degree of multiple bidding and late bidding in online auctions, an empirical finding by some recent research. These two behaviors (multiple bidding and late bidding) are of “strategic” importance to online auctions and hence important to investigate. In this article we em...
متن کاملBidding Behavior Evolution in Sequential Auctions: Characterization and Analysis
Retailers are increasingly exploiting sequential online auctions as an effective and low cost distribution channel for disposing large quantities of inventory. In such auction environments, bidders have the opportunity of participating in many auctions to learn and choose the bidding strategy that best fits their preferences. Previous studies have mostly focused on identifying bidding strategie...
متن کاملParticipation in Dynamic Auctions
We study participation decisions and bidding behaviour in Michigan Department of Transportation procurement auctions. Patterns in the bidding data suggest that bidders’ participation behaviour has a forward looking component and could generate asymmetries between bidders. To fully understand the extent of these effects on auction outcomes, we construct and estimate a dynamic asymmetric auction ...
متن کاملDetecting Shill Bidding in Online English Auctions
The popularity of online auctioning has grown meteorically since the late 90s. This attraction is due to their convenience, low cost and ability to reach large (even worldwide) audiences. However, despite the advantages there are many problems inherent in auctioning online. One such problem is shill bidding where spurious bids are introduced into an auction to drive up the final price for the s...
متن کامل