Public and Secret Reserve Prices in Repeated Auctions

I study the effect of secret and public reserve prices on the seller’s revenue. In particular, I analyze the data from eBay auctions on tractors to estimate the extent of this effect. The analysis helps to explain the following empirical facts from Ebay auctions: multiple relisting of similar items, the use of secret reserve prices, and the convergence of sale prices to buy-it-now prices.

Issue Date:
May 27 2012
Publication Type:
Conference Paper/ Presentation
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 Record created 2017-04-01, last modified 2018-01-22

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