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Exploring Online Auction Dynamics: The Internet as a Third-Party

Delve into the intricate world of online auctions, analyzing the internet's role as a third-party intermediary. Uncover the nuances of trusted transactions, global reach, and the dark side of bidder collusion and ethical dilemmas.

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Exploring Online Auction Dynamics: The Internet as a Third-Party

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  1. The Internet as a Third Party K. Steiglitz 10/27/09 WWS451

  2. The Internet as a Third Party K. Steiglitz 10/14/08 WWS451

  3.   

  4. English Vickrey eBay

  5. Squeeze out the juice Private value model + Homo economicus + Vickrey + Nash = Revenue Equivalence and boring behavior

  6. Unique items vs. Commodities … put back the passion Frenzy Greed Spite Suspicion Impatience Doubt Obsession

  7. The online auction as a third party: • Trusted • Fast • Global • Low-cost • Convenient • Excites competition

  8. The online auction as a third party: • Trusted? • Fast • Global • Low-cost • Convenient • Excites competition

  9. The dark side • Bidder collusion • Fakes • Ethics of trading in antiquities • Shill bidding…

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