scholarly journals Do auction formats matter in eBay auctions?

2012 ◽  
Vol 6 (45) ◽  
pp. 11312-11320
Author(s):  
Huang Ying Tang ◽  
Chen Jong Rong ◽  
Chen Ying Hui
Keyword(s):  
Auction Formats ◽  
Ebay Auctions

scholarly journals Revenue Guarantee Equivalence

2019 ◽  
Vol 109 (5) ◽  
pp. 1911-1929 ◽  
Author(s):  
Dirk Bergemann ◽  
Benjamin Brooks ◽  
Stephen Morris
Keyword(s):  
Lower Bound ◽  
Pure Strategy ◽  
English Auctions ◽  
Revenue Comparison ◽  
Price Auction ◽  
Auction Formats

We revisit the revenue comparison of standard auction formats, including first-price, second-price, and English auctions. We rank auctions according to their revenue guarantees, i.e., the greatest lower bound of revenue across all informational environments, where we hold fixed the distribution of bidders’ values. We conclude that if we restrict attention to the symmetric affiliated models of Milgrom and Weber (1982) and monotonic pure-strategy equilibria, first-price, second-price, and English auctions are revenue guarantee equivalent: they have the same revenue guarantee, which is equal to that of the first-price auction as characterized by Bergemann, Brooks, and Morris (2017). If we consider all equilibria or if we allow more general models of information, then first-price auctions have a greater revenue guarantee than all other auctions considered. (JEL D44, D83)

scholarly journals SOME EVIDENCE ON LATE BIDDING IN EBAY AUCTIONS

2008 ◽  
Vol 46 (3) ◽  
pp. 369-379 ◽  
Author(s):  
LADISLAV WINTR
Keyword(s):  
Late Bidding ◽  
Ebay Auctions

Flexible Estimation of Demand Schedules and Revenue Under Different Auction Formats

1995 ◽  
Vol 95 (116) ◽  
pp. 1 ◽  
Author(s):  
Robert Alan Feldman ◽  
Vincent Reinhart ◽  
◽  
Keyword(s):  
Auction Formats
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