Active bidders versus smart bidders
Sign Up to like & getrecommendations! Published in 2019 at "European Journal of Marketing"
DOI: 10.1108/ejm-09-2016-0492
Abstract: The purpose of this paper is to contrast two lay theories of how consumers draw affective inferences about their online bidding experiences. The active-bidder theory (smart-bidder theory) predicts that after winning a bid, highly (minimally)… read more here.
Keywords: smart bidder; auction; active bidders; bidder hypothesis ... See more keywords
Countering the winner's curse: Optimal auction design in a common value model
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DOI: 10.3982/te3797
Abstract: We characterize revenue maximizing mechanisms in a common value environment where the value of the object is equal to the highest of bidders’ independent signals. If the object is optimally sold with probability one, then… read more here.
Keywords: common value; auction; price; bidder ... See more keywords