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Optimal fees in internet auctions

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<mark>Journal publication date</mark>09/2008
<mark>Journal</mark>Review of Economic Design
Issue number3
Volume12
Number of pages9
Pages (from-to)155-163
Publication StatusPublished
<mark>Original language</mark>English

Abstract

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.