Implications of Expected Changes in the Seller's Price in Name-Your-Own-Price Auctions


T seller’s threshold price in name-your-own-price auctions varies over time. However, consumers must bid without knowing when these variations occur because the threshold price is unobservable to them. This paper uses an analytical model and laboratory auctions to explore how the frequency of changes in the threshold price impacts consumer bidding behavior… (More)
DOI: 10.1287/mnsc.1090.1064

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