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Pennies from eBay: the Determinants of Price in Online Auctions
(Vanderbilt University, 2000)
This paper presents an exploratory analysis of the determinants of prices in online auctions for collectible one-cent coins at the eBay Web site. Our initial dataset consists of over 20,000 auctions which took place during ...
Bidding Behavior and Decision Costs in Field Experiments
(Vanderbilt University, 2000)
Whether rationality of economic behavior increases with expected payoffs and decreases with the cognitive cost it takes to formulate an optimal strategy remains an open question. We explore these issues with field data, ...
Business-to-Business Electronic Commerce
(Vanderbilt University, 2000)
This paper, prepared for the Journal of Economic Perspectives, provides an overview of the economic issues arising in business-to-business (B2B) online commerce. Just as the industrial revolution mechanized firms' manufacturing ...
The Effects of Seed Money and Refunds on Charitable Giving: Experimental Evidence from a University Capital Campaign
(Vanderbilt University, 2000)
We test two recent theories on the subject of charitable fundraising in capital campaigns. Andreoni (1998) predicts that publicly announced seed contributions can increase the total amount of charitable giving in a capital ...
Public Versus Secret Reserve Prices in eBay Auctions: Results of Pokémon Field Experiment
(Vanderbilt University, 2000)
Sellers in eBay auctions have the opportunity to choose both a public minimum bid amount and a secret reserve price. We ask, empirically, whether the seller is made better or worse off by setting a secret reserve above a ...
Recombinant Estimation for Normal-Form Games with Applications to Auctions and Bargaining
(Vanderbilt University, 2000)
In empirical studies of simultaneous-move games, such as sealed-bid auctions, researchers frequently wish to estimate quantities which depend on interactions between the strategies of different players. Examples include ...