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Bidding behavior in competing auctions: Evidence from eBay
Anwar,Sajid1,2; McMillan,Robert3; Zheng,Mingli4
Source PublicationEuropean Economic Review
ABS Journal Level3

Much of the existing auction literature treats auctions as running independently of one another, with each bidder choosing to participate in only one auction. However, in many online auctions, a number of substitutable goods are auctioned concurrently and bidders can bid on several auctions at the same time. Recent theoretical research shows how bidders can gain from the existence of competing auctions, the current paper providing the first empirical evidence in support of competing auctions theory using online auctions data from eBay. Our results indicate that a significant proportion of bidders do bid across competing auctions and that bidders tend to submit bids on auctions with the lowest standing bid, as the theory predicts. The paper also shows that winning bidders who cross-bid pay lower prices on average than winning bidders who do not. © 2004 Elsevier B.V. All rights reserved.

KeywordAuction Empirics Competing Auction Cross-bidding
URLView the original
Indexed BySCIE
WOS Research AreaBusiness & Economics
WOS SubjectEconomics
WOS IDWOS:000235558100004
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Citation statistics
Cited Times [WOS]:60   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
Affiliation1.School of BusinessJames Cook University,Australia
2.IGSM University of South Australia,Australia
3.Department of EconomicsUniversity of Toronto,Canada
4.Faculty of Social Sciences and HumanitiesUniversity of Macau,China
Recommended Citation
GB/T 7714
Anwar,Sajid,McMillan,Robert,Zheng,Mingli. Bidding behavior in competing auctions: Evidence from eBay[J]. European Economic Review,2006,50(2):307-322.
APA Anwar,Sajid,McMillan,Robert,&Zheng,Mingli.(2006).Bidding behavior in competing auctions: Evidence from eBay.European Economic Review,50(2),307-322.
MLA Anwar,Sajid,et al."Bidding behavior in competing auctions: Evidence from eBay".European Economic Review 50.2(2006):307-322.
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