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Doing their bidding: An empirical examination of factors that affect a buyer’s utility in Internet auctions

机译:进行出价:对影响买方在互联网拍卖中的效用的因素进行的实证研究

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摘要

What factors make individual bidders pay more or less for the same item in online auctions? We use data on over 55,000 bids over a three-year period collected by a customized Internet software agent. These data are used to perform a within-bidders quasi-experiment, testing bidders who bid on the exact same item at different times during a 30-day period in online auctions. With theories from information systems and consumer behavior as our theoretical lens, we then examine factors that make individuals pay more for the exact same item in online auctions. We find that the same individual will tend to pay more for items sold on a weekend, for items with a picture, and for items sold by experienced sellers. We also find that the same individual is willing to pay more for the same item if others express an interest in that item, exhibiting a type of herd effect. Our results are generalizable to other auctions, and shed light on electronic commerce sales in general, where firms try to sell products for the highest possible price.
机译:哪些因素会使单个竞标者在网上拍卖中为同一商品支付更多或更少的费用?我们使用由定制的Internet软件代理收集的三年中超过55,000个出价的数据。这些数据用于执行竞标者内的准实验,测试在30天在线拍卖期间的不同时间对相同项目进行竞标的竞标者。然后,以信息系统和消费者行为的理论为理论视角,我们研究使个人为在线拍卖中的同一物品支付更高价格的因素。我们发现,同一个人将倾向于为周末销售的商品,带有图片的商品以及有经验的卖家出售的商品支付更高的价格。我们还发现,如果其他人对同一商品表示兴趣,并且表现出某种羊群效应,那么同一个人愿意为同一商品支付更高的价格。我们的结果可以推广到其他拍卖活动,并且可以从总体上阐明电子商务的销售情况,在这种情况下,公司试图以尽可能高的价格出售产品。

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