A classification of online bidders in a private value auction: evidence from eBay

Jianwei Hou and Cesar Rego

International Journal of Electronic Marketing and Retailing, 2007, vol. 1, issue 4, 322-338

Abstract: In traditional auctions, it is often assumed that bidders are a homogenous group. However, since most online bidders are average consumers instead of professional bidders, we suspect that online bidders are a heterogeneous group. The purpose of this paper is to explore the types of online bidders based on their real bidding behaviour in the context of consumer-to-consumer online auction market. A cluster analysis is employed and four types of online bidders are finally identified in a private value auction, namely, goal-driven bidders, experiential bidders, focused bidders, and opportunistic bidders. The profile and performance of each group are also discussed.

Keywords: C2C online auctions; bidding behaviour; online bidder classification; cluster analysis; private value auction; online bidders; eBay; internet marketing; internet retailing; electronic marketing; electronic retailing; etailing; online retailing; online marketing; online bidders. (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (3)

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