Experts and Amateurs : The Role of Experience in Internet Auctions

  title={Experts and Amateurs : The Role of Experience in Internet Auctions},
  author={Ronald Wilcox},
The use of auctions as a pricing mechanism has grown dramatically over the last few years. The introduction of electronic auctions has signi®cantly widened the pool of consumers who participate in auctions and increased the number of companies attempting to sell their products in an auction format. Previous empirical research on auctions has focused almost exclusively on the behavior of professional bidders in high stakes common value auctions or the behavior of students in laboratory… CONTINUE READING
Highly Influential
This paper has highly influenced 12 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 141 citations. REVIEW CITATIONS

From This Paper

Figures, tables, and topics from this paper.


Publications citing this paper.
Showing 1-10 of 91 extracted citations

142 Citations

Citations per Year
Semantic Scholar estimates that this publication has 142 citations based on the available data.

See our FAQ for additional information.


Publications referenced by this paper.
Showing 1-7 of 7 references

`Auctions with Arti®cial Adaptive Agents,

  • J Andreoni, J. Miller
  • Games and Economic Behavior,
  • 1995
1 Excerpt

`The Role of Information on U.S

  • R. H. Porter
  • Bidding,' Southern Economic Journal,
  • 1995
2 Excerpts

` Guarantees in Auctions : The Auction House as Negotiator and Managerial Decision Maker

  • P. A. Haile
  • 1993

`Sunk and Opportunity Costs in Valuation

  • O. R. Phillips, R. C. Battalio, C. A. Kogut
  • 1991
1 Excerpt

` Auctions and Bidding

  • P. Milgrom
  • 1987

`Auctions and Bidding.' Journal of Economic Literature, June, 699±738

  • P. McAfee, J. McMillan
  • Value Auctions,' Economics Letters,
  • 1987
1 Excerpt

`Competitive Bidding with Asymmetric Information,

  • R. 8±37. Wilson
  • Management Science,
  • 1967
1 Excerpt

Similar Papers

Loading similar papers…