Optimal Fees in Internet Auctions
Alexander Matros and
No 3, Discussion Papers from Kyiv School of Economics
An auction house runs a second-price auction with a possibility of resale through re-auctions. It collects listing and closing fees from the seller. We find the fees which maximize the revenue of the auction house. In particular, we show that the optimal listing fee is zero. Our findings are consistent with the policies of eBay, Amazon, Yahoo, and other Internet auctions.
Keywords: Internet auctions; auctions with resale; auction house; listing fee; closing fee (search for similar items in EconPapers)
JEL-codes: D44 C78 D82 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth, nep-ict and nep-mkt
Note: Published in Review of Economic Design, 12, 155-163 (2008)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed
Downloads: (external link)
http://repec.kse.org.ua/pdf/KSE_dp3.pdf Revised version, January 2008 (application/pdf)
Journal Article: Optimal fees in internet auctions (2008)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kse:dpaper:3
Access Statistics for this paper
More papers in Discussion Papers from Kyiv School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Iryna Sobetska ().