Optimal fees in internet auctions

被引:4
|
作者
Matros, Alexander [1 ]
Zapechelnyuk, Andriy [2 ,3 ]
机构
[1] Univ Pittsburgh, Dept Econ, Pittsburgh, PA 15260 USA
[2] Kyiv Sch Econ, Kiev, Ukraine
[3] Kyiv Econ Inst, Kiev, Ukraine
关键词
Internet auctions; Auctions with resale; Auction house; Listing fee; Closing fee;
D O I
10.1007/s10058-008-0044-9
中图分类号
F [经济];
学科分类号
02 ;
摘要
An auction house runs a second-price auction with a possibility of resale through re-auctions. It collects listing and closing fees from the seller. We find the fees which maximize the revenue of the auction house. In particular, we show that the optimal listing fee is zero. Our findings are consistent with the policies of eBay, Amazon, Yahoo, and other Internet auctions.
引用
收藏
页码:155 / 163
页数:9
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