Expectation, Disappointment, and Exit: Evidence on Reference Point Formation from an Online Marketplace
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DOI: 10.1093/jeea/jvab033
Abstract: We study disappointment and platform exit among new bidders in an online auction marketplace. In particular, we study a hybrid auction format with a “Buy-It-Now” option, which, when executed, will abruptly end the auction and… read more here.
Keywords: exit; disappointment exit; marketplace; exit evidence ... See more keywords