Bidding behavior in competing auctions: Evidence from eBay Export

@article{anwar-mcmillan-zheng-2006, abstract = {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.}, author = {Anwar, S. and Mcmillan, R. and Zheng, M.}, citeulike-article-id = {2637963}, citeulike-linkout-0 = {http://dx.doi.org/10.1016/j.euroecorev.2004.10.007}, citeulike-linkout-1 = {http://linkinghub.elsevier.com/retrieve/pii/S0014292104001047}, citeulike-linkout-2 = {http://www.sciencedirect.com/science/article/B6V64-4DXC42V-3/2/77a6da708e9043d1c7e3f4caef34e8aa}, doi = {10.1016/j.euroecorev.2004.10.007}, issn = {00142921}, journal = {European Economic Review}, keywords = {competingauctions, ds}, month = {February}, number = {2}, pages = {307--322}, posted-at = {2009-07-23 00:54:25}, priority = {2}, title = {Bidding behavior in competing auctions: Evidence from eBay}, url = {http://dx.doi.org/10.1016/j.euroecorev.2004.10.007}, volume = {50}, year = {2006} }

TY - JOUR ID - anwar-mcmillan-zheng-2006 L3 - citeulike-article-id:2637963 N2 - 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. IS - 2 JF - European Economic Review SN - 00142921 EP - 322 TI - Bidding behavior in competing auctions: Evidence from eBay VL - 50 SP - 307 KW - competingauctions KW - ds AU - Anwar, S AU - Mcmillan, R AU - Zheng, M PY - 2006/02// UR - http://dx.doi.org/10.1016/j.euroecorev.2004.10.007 ER -