Bargaining Versus Posted-Price: Evidence from eBay Motors

2016 ◽  
Author(s):  
Kong-Pin Chen ◽  
Yong Han ◽  
Chia-Ching Lin ◽  
Ya-Ting Yu
Keyword(s):  
Ebay Motors ◽  
Posted Price

First Offers on Ebay Motors

2009 ◽  
Author(s):  
Jong-Rong Chen ◽  
Ching-I Huang ◽  
Chiu-Yu Lee
Keyword(s):  
Ebay Motors ◽  
First Offers

The Option of Posted Price Selling for a Seller with Multiple Units

2010 ◽  
Author(s):  
Mingli Zheng
Keyword(s):  
Multiple Units ◽  
Posted Price

scholarly journals Selling with evidence

2019 ◽  
Vol 14 (2) ◽  
pp. 345-371
Author(s):  
Frédéric Koessler ◽  
Vasiliki Skreta
Keyword(s):  
Asymmetric Information ◽  
Product Quality ◽  
Optimal Allocation ◽  
Pareto Optimal ◽  
Principal Problem ◽  
Equilibrium Allocation ◽  
Interdependent Values ◽  
Ex Ante ◽  
Private Value ◽  
Posted Price

We study the informed‐principal problem in a bilateral asymmetric information trading setting with interdependent values and quasi‐linear utilities. The informed seller proposes a mechanism and voluntarily certifies information about the good's characteristics. When the set of certifiable statements is sufficiently rich, we show that there is an ex ante profit‐maximizing selling procedure that is an equilibrium of the mechanism proposal game. In contrast to posted price settings, the allocation obtained when product characteristics are commonly known (the unravelling outcome) may not be an equilibrium allocation, even when all buyer types agree on the ranking of product quality. Our analysis relies on the concept of strong Pareto optimal allocation, which was originally introduced by Maskin and Tirole (1990) in private value environments.

Posted price selling and online auctions

2015 ◽  
Vol 90 ◽  
pp. 81-92 ◽  
Author(s):  
Sajid Anwar ◽  
Mingli Zheng
Keyword(s):  
Online Auctions ◽  
Posted Price

scholarly journals The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications: Reply

2019 ◽  
Vol 109 (1) ◽  
pp. 314-324 ◽  
Author(s):  
Olivier Coibion ◽  
Yuriy Gorodnichenko ◽  
Gee Hee Hong
Keyword(s):  
Business Cycle ◽  
Policy Implications ◽  
Price Inflation ◽  
Weighting Schemes ◽  
Wide Variability ◽  
Posted Price

We address how using different censoring thresholds and imputation procedures affects the baseline results of Coibion, Gorodnichenko, and Hong (2015). Higher censoring thresholds introduce measure ment error and outliers that generate wide variability in results across weighting schemes, but methods that explicitly control for outliers confirm the results of Coibion, Gorodnichenko, and Hong (2015) for all censoring thresholds. We also illustrate how the BLS’s approach to imputing missing prices can introduce a cyclical bias into measures of posted price inflation when store-switching is present in the data. (JEL D12, E31, E32, L25, L81)

Buyer behavior under the Best Offer mechanism: A theoretical model and empirical evidence from eBay Motors

2013 ◽  
Vol 94 ◽  
pp. 11-33 ◽  
Author(s):  
Ching-I Huang ◽  
Jong-Rong Chen ◽  
Chiu-Yu Lee
Keyword(s):  
Theoretical Model ◽  
Empirical Evidence ◽  
Buyer Behavior ◽  
Ebay Motors ◽  
Best Offer

An Examination of Changes in Specialists’ Posted Price Schedules

2001 ◽  
Vol 14 (3) ◽  
pp. 681-704 ◽  
Author(s):  
Kenneth A. Kavajecz ◽  
Elizabeth R. Odders-White
Keyword(s):  
Posted Price
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