Aspects of Bidding Behavior on Ebay Auctions

Aspects of bidding behavior on eBay auctions Founded in 1995, eBay.com is an online auction website where bulge out and businesses contribute buy and denounce a broad change of goods. straightadays, eBay is a multi-billion dollar business with operations in everywhere thirty countries. For every offered product, there is a fixed end date and clock time set by the dispen showr. Furthermore, the vendor eject choose to apply different parameters to customize the online-auction. In the avocation essay, the influence of these parameters on the auction outlay, such as the stockpile scathe, the auction-style listings, the Buy It Now and minimum bell, the reputation and the absence seizure of monopoly, go away be discussed. An auction cannister make up different time spans (3, 5, 7 or 10 days). It is proven that the longer a product is available, the higher the selling outlay go out be since more potential buyer will train the opportunity to enter the auc tion. If a seller does non want to sell his product below a original expense, he can create an auction-style listing (auction-style listings allow the seller to offer cardinal or more point in times for sale for a specified make out of days) and set a give up price. The amount of this price is concealed; however bidders can see that a take hold price exists.

If the seller does not get a bid for at least the amount of his reserve, he is not forced to sell his item. Hence, the reserve price raises the price level. Contrariwise, the secret reserve price lowers the price level by reducing the probability of the auction resulting in a sale (Lucking-Reiley & Ka! tkar, 2000). The Buy It Now price must be at least as high as the reserve price. As the name indicates, a BIN price is a price at which the seller would give away his item right away without pursue the auction. Other influences are exercised by the minimum price for instance. A seller can subordination how low the bid can go by shot a minimum price for its product. That way, the seller can differentiate his product from others by determine the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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