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来源类型Working Paper
规范类型报告
DOI10.3386/w19021
来源IDWorking Paper 19021
Sales Mechanisms in Online Markets: What Happened to Internet Auctions?
Liran Einav; Chiara Farronato; Jonathan D. Levin; Neel Sundaresan
发表日期2013-05-02
出版年2013
语种英语
摘要Consumer auctions were very popular in the early days of internet commerce, but today online sellers mostly use posted prices. Data from eBay shows that compositional shifts in the items being sold, or the sellers offering these items, cannot account for this evolution. Instead, the returns to sellers using auctions have diminished. We develop a model to distinguish two hypotheses: a shift in buyer demand away from auctions, and general narrowing of seller margins that favors posted prices. Our estimates suggest that the former is more important. We also provide evidence on where auctions still are used, and on why some sellers may continue to use both auctions and posted prices.
主题Microeconomics ; Market Structure and Distribution ; Economics of Information ; Industrial Organization ; Market Structure and Firm Performance ; Industry Studies
URLhttps://www.nber.org/papers/w19021
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/576694
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GB/T 7714
Liran Einav,Chiara Farronato,Jonathan D. Levin,et al. Sales Mechanisms in Online Markets: What Happened to Internet Auctions?. 2013.
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