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Can I read Winner's curse and parallel sales channels—Online auctions linked within e-tail websites on EtoBox?
Winner's curse and parallel sales channels—Online auctions linked within e-tail websites by Douglas A. Amyx; Michael S. Luehlfing is a Business, Management and Accounting article available to read on EtoBox.
What is Winner's curse and parallel sales channels—Online auctions linked within e-tail websites about?
A sample of 416 online auctions was examined to determine the extent of overpayment (winner's curse) where online auctions and e-tail websites were linked together to form a parallel sales channel. The results indicated that 8.7% of the highest winning online auction bidders exceeded e-tail posted reference prices of identical retail merchandise found at the same website. Significantly, such bids exceeded the reference prices by a mean percentage dollar amount of 14.1% thus suggesting the existence of a winner's curse. The results also indicated that (1) there was a significant negative association between reference price and mean percentage dollar amount overbid; (2) there was a significant negative association between auction lot size and mean percentage dollar amount overbid; and (3) there was no significant association between overtime auctions and mean percentage dollar amount overbid. While manipulation of reference price and auction lot size might minimize winner's curse, erratic or irrational behavior (by online auction and/or e-tail websites) may lead to disinformation.
Who reads Winner's curse and parallel sales channels—Online auctions linked within e-tail websites?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Douglas A. Amyx; Michael S. Luehlfing
- Publisher
- Elsevier Science; Elsevier ; Elsevier BV (ISSN 0378-7206)
- Published
- 2006
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)