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- W1750689694 abstract "This paper proposes a framework for demand estimation with data on bids, bidders' identities, and auction covariates from a sequence of eBay auctions. First the aspect of bidding in a marketplace environment is developed. Form the simple dynamic auction model with IPV and private bidding costs it follows that if participation is optimal the bidder searches with a reservation bid for low-price auctions. Extending results from the empirical auction literature and employing a similar two-stage procedure ashas recently been used when estimating dynamic games it is shown that bidding costs are non-parametrically identified. Theprocedure is tried on a new data set. The median cost is estimated at less than 2% of transaction prices." @default.
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- W1750689694 date "2006-10-01" @default.
- W1750689694 modified "2023-10-02" @default.
- W1750689694 title "Searching the eBay Marketplace" @default.
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- W1750689694 doi "https://doi.org/10.5282/ubm/epub.1234" @default.
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