Online Auctions
Asunción Mochón and
Yago Sáez
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Asunción Mochón: UNED University
Yago Sáez: University Carlos III of Madrid
Chapter 9 in Understanding Auctions, 2015, pp 121-129 from Springer
Abstract:
Abstract In recent years, Internet auctions have experienced strong growth, increasing the volume of online trades. Driven by this fact as well as the possibility offered by certain platforms to obtain field data, research of online auctions has become a significant field.1 In this chapter, we will focus on the main auction models that are found on the Internet, as well as possible strategies used by the bidders. In this context, the work done by Ockenfels et al. [57] is worth mentioning because it comprises an excellent compilation of the main theoretical, experimental, and empirical work describing online auctions.
Keywords: Reserve Price; Online Auction; Winning Bidder; Reverse Auction; Internet Auction (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-319-08813-6_9
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DOI: 10.1007/978-3-319-08813-6_9
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