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- W3149668830 abstract "Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to sellers using auctions have diminished. We develop a model to distinguish two hypotheses: a shift in buyer demand away from auctions, and general narrowing of seller margins that favors posted prices. Our estimates suggest that the former is more important. We also provide evidence on where auctions still are used, and on why some sellers may continue to use both auctions and posted prices." @default.
- W3149668830 created "2021-04-13" @default.
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- W3149668830 date "2013-01-01" @default.
- W3149668830 modified "2023-09-24" @default.
- W3149668830 title "Sales Mechanisms in Online Markets: What Happened to Internet Auctions?" @default.
- W3149668830 hasPublicationYear "2013" @default.
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