Buyout Prices In Online Auctions
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| Author | : Shobhit Gupta |
| Publisher | : |
| Total Pages | : 154 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
(cont.) For all buyout option types we exhibit a Nash equilibrium in bidder strategies, argue that this equilibrium constitutes a plausible outcome prediction, and study the problem of maximizing the corresponding seller revenue. In particular, the equilibrium strategy in all cases is such that a bidder exercises the buyout option provided it is still available and his valuation is above a time-dependent threshold. Our numerical experiments suggest that a seller may significantly increase his utility by introducing a buyout option when any of the participants are time-sensitive. Furthermore, while permanent buyout options yield higher predicted revenue than temporary options, they also provide additional incentives for late bidding and may therefore not be always more desirable. The numerical results also imply that the increase in seller's utility (over a fixed buyout price auction) enabled by a dynamic buyout price is small and does not seem to justify the corresponding increase in complexity.
| Author | : Shobhit Gupta |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2006 |
| Genre | : |
| ISBN | : |
Buyout options allow bidders to instantly purchase at a specified price an item listed for sale through an online auction. A temporary buyout option disappears once a regular bid is submitted, while a permanent option remains available until it is exercised or the auction ends; such buyout price may be static and remain constant throughout the auction, or dynamic and vary as the auction progresses. We formulate a game-theoretic model featuring time-sensitive bidders with independent private values and Poisson arrivals but endogenous bidding times to answer the following questions: How should a seller set the buyout price (if at all)? What are the implications of using a temporary buyout option relative to a permanent one? What is the potential benefit associated with using a dynamic buyout price? For all buyout option types we exhibit a Nash equilibrium in bidder strategies, argue that this equilibrium constitutes a plausible outcome prediction, and study the problem of maximizing the corresponding seller revenue. Our numerical experiments suggest that when any of the participants are time-sensitive, the seller may significantly increase his utility by introducing a buyout option, but that dynamic buyout prices may not provide a substantial advantage over static ones. Furthermore, while permanent buyout options yield higher predicted revenue than temporary options, they also provide additional incentives for late bidding and may therefore not be always more desirable.
| Author | : Laura Fisher Kaiser |
| Publisher | : Touchstone |
| Total Pages | : 322 |
| Release | : 1999-11-16 |
| Genre | : Antiques & Collectibles |
| ISBN | : 9780684869544 |
HAPPY HUNTING™ ON eBay Aunt Fannie's cameo pin collection...the cartoon-character lunch boxes you had in third grade...that cast-iron doorstop you bought for $2 but is really worth $200....Whether you're a busy buyer, an avid seller, or just a fun-loving browser, you'll find countless collectibles like these on eBay, the world's largest person-to-person online trading community. Now -- in this official primer from the popular Internet site that has revolutionized the collecting world -- the experts at eBay unlock the secrets of successful online buying and selling, for everyone from the enthusiastic beginner to the seasoned pro. Featuring an introduction by Pierre Omidyar, eBay's founder and chairman, and packed with tips and stories from "eBaysians" all over the country, The Official eBay™ Guide is the only authorized book that shows you how to * BUY SMART -- unraveling the mystery of value, bidding to win, and learning how to spot the really good stuff * BE A SAVVY SELLER -- from writing the perfect item listing to collecting payments from your happy customers * LEARN FROM THE EXPERTS -- top eBaysians, Ambassadors, Power Sellers, and eBay employees lend advice and share secrets for success * FIND THE GREAT STUFF -- how to work garage sales, flea markets, tag sales, estate sales, and even the other kind of auction Packed with invaluable resources, information, and practical tips, The Official eBay™ Guide also features entertaining stories about the millions of people who make up the eBay community. It's your must-have companion for mastering the art of buying and selling an astounding range of collectibles and items, from the practical to the whimsical.
| Author | : Richard W. Oliver |
| Publisher | : Irwin Professional Publishing |
| Total Pages | : 224 |
| Release | : 1986 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Adam Young |
| Publisher | : Booktango |
| Total Pages | : 64 |
| Release | : 2013-04-11 |
| Genre | : Business & Economics |
| ISBN | : 1468927833 |
Winning strategies, tips and tricks to penny auction domination. How to win more penny auctions using less bids. While there are no magic bullets, if you take on board the hints, tips, tricks and strategies outlined in this book, you will increase your chances of success in the crazy, fun, exhilarating and sometimes frustrating world of penny auctions.
| Author | : Aaron LaPedis |
| Publisher | : John Wiley & Sons |
| Total Pages | : 165 |
| Release | : 2012-05-31 |
| Genre | : Business & Economics |
| ISBN | : 1118408004 |
The get rich guide to garage sale foraging and urban treasure hunting Garage sales, thrifts stores, and storage unit auctions can be gold mines for those who know what they're looking for, and The Garage Sale Millionaire gives readers everything they need to dig deep and win big. Written by two expert collectors with more than sixty years of combined experience, the book is packed with need-to-know information and insider tips that would-be treasure hunters can use to track down hard to find lost treasures, hidden gems, and coveted collectible items which, upon resale, can yield a fortune. Giving even the most inexperienced collector the skills and expertise to buy, value, and sell their way to success, the book shows how anyone can turn garage sale garbage into cash. Newly revised and updated, The Garage Sale Millionaire also explains how to get the most bang for your buck when reselling—by holding the greatest garage sale ever. Presents exclusive insider tips on how to track down hidden treasures Reveals the best ways to resell at profit Explains how to use eBay & Craigslist for profit Includes an in-depth glossary on collecting for on-the-go advice Explains how to make money at storage unit auctions & thrift stores Essential reading for anyone interested in collecting, bargain hunting, or just making some money, The Garage Sale Millionaire will change the way you see garage sales forever.
| Author | : |
| Publisher | : |
| Total Pages | : 114 |
| Release | : |
| Genre | : |
| ISBN | : 0983612609 |
| Author | : Luanne O'Loughlin |
| Publisher | : McGraw-Hill Companies |
| Total Pages | : 308 |
| Release | : 2000 |
| Genre | : Business & Economics |
| ISBN | : 9780071353038 |
This is a one-stop shopping guide to on-line auctions and related classified sections.
| Author | : John H. Kagel |
| Publisher | : Princeton University Press |
| Total Pages | : 424 |
| Release | : 2009-04-11 |
| Genre | : Business & Economics |
| ISBN | : 1400830133 |
An invaluable account of how auctions work—and how to make them work Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner's curse." In such auctions the value of each item is about the same to all bidders, but different bidders have different information about the underlying value. Virtually all auctions have a common value element; among the burgeoning modern-day examples are those organized by Internet companies such as eBay. Winners end up cursing when they realize that they won because their estimates were overly optimistic, which led them to bid too much and lose money as a result. The authors first unveil a fresh survey of experimental data on the winner's curse. Melding theory with the econometric analysis of field data, they assess the design of government auctions, such as the spectrum rights (air wave) auctions that continue to be conducted around the world. The remaining chapters gauge the impact on sellers' revenue of the type of auction used and of inside information, show how bidders learn to avoid the winner's curse, and present comparisons of sophisticated bidders with college sophomores, the usual guinea pigs used in laboratory experiments. Appendixes refine theoretical arguments and, in some cases, present entirely new data. This book is an invaluable, impeccably up-to-date resource on how auctions work--and how to make them work.
| Author | : Mr. Joel Goodwin |
| Publisher | : Xlibris Corporation |
| Total Pages | : 81 |
| Release | : 2013-01-24 |
| Genre | : Self-Help |
| ISBN | : 1479764175 |
I am 57 year old native Virginian whose family came here in the early 1600s. I have collected since my early teens from a mostly rural area where many would think there would not be a lot of collecting possible but I found that not to be true. There is a link between collecting an addiction but is is just the thrill of finding each and every piece that you can. For years I seldom sold a piece but when I did I found that same thrill for the second time. It was not unusual to sell a piece for four or five times what I had paid. From my history loving family I have had a lot of help as they will often tell me what they have seen so that I can go back and make a deal on it. My wife now goes out once or twice a week to help me and often ended up selling as well. The selling part is important as it enables me to collect pieces I would never sell without taking away money from our family budget. It has become a lifestyle which has goes into everyday life as well as I try to get the best deal on everything. Now if I could only bargain on the gas bill or the water bill my life would be complete.
