Oct 15, 2012, 11:30am - 1:00pm
Public and Secret Reserve Prices in eBay Auctions
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Jafar Olimov
Photo Credit: AEDEJafar Olimov, AEDE Ph.D. candidate in the Department of Agricultural, Environmental, and Development Economics (AEDE) at The Ohio State University, will present as part of the AEDE Seminar Series on October 15th* in Room 105 of the Agricultural Administration Building (2120 Fyffe Road). His presentation will focus on his research on "Public and Secret Reserve Prices in eBay Auctions."
Abstract: In this paper we study determinants of secret and public reserve prices in eBay auctions. We collect empirical evidence that public reserve prices are used to screen out low-valuation bidders and to signal the quality of items on sale. We further find that secret reserve prices are used by uninformed and patient sellers to collect information about bidders' valuations. The empirical results in the paper suggest that different kinds of sellers use eBay auctions both to sell their items and to discover information about various characteristics of bidders' valuations.
This event is open to the public and no RSVP is required. If you have any questions, please contact us.
*This event is scheduled for 11:30am-1:00pm, which differs from most of the other scheduled AEDE seminars.
Post-Seminar Update:
Click here to read a recap of this event.
Click here to access Jafar Olimov's seminar presentation.