The Fixed Price Offer Mechanism in Trade Me Online Auctions

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Title

The Fixed Price Offer Mechanism in Trade Me Online Auctions

Content partner

University of Canterbury Library

Collection

UC Research Repository

Description

The Fixed Price Offer (FPO) mechanism in Trade Me auctions allows sellers to make a take-it-or-leave-it offer at the conclusion of an unsuccessful auction. We investigate the effects of the FPO option on strategies and outcomes in independent-value auctions. The FPO option induces some bidders with a value above the seller’s reserve to wait for an FPO instead of bidding. Overall, the FPO option increases the probability of sale but reduces expected seller revenue compared to a standard auctio...

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Format

Research paper

Research format

Working or discussion paper

Date created

2010

Creator

Hogan, S. / Kidd, H. / Meriluoto, L. / Smith, A.

URL

http://hdl.handle.net/10092/5417

Related subjects

fixed price offer / private value auction / on-line auction / optimal reserve price / second chance offer / Economics / Econometrics / Economic models and forecasting

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You can learn more about the rights status of this item at: https://hdl.handle.net/10092/17651

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