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Regret under different auction designs: the case of English and Dutch auctions

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Regret under different auction designs: the case of English and Dutch auctions. / Malekovic, N.; Goutas, L.; Sutanto, J. et al.
In: Electronic Markets, Vol. 30, 01.03.2020, p. 151-161.

Research output: Contribution to Journal/Magazine › Journal article › peer-review

Harvard

Malekovic, N, Goutas, L, Sutanto, J & Galletta, D 2020, 'Regret under different auction designs: the case of English and Dutch auctions', Electronic Markets, vol. 30, pp. 151-161. https://doi.org/10.1007/s12525-019-00355-w

APA

Malekovic, N., Goutas, L., Sutanto, J., & Galletta, D. (2020). Regret under different auction designs: the case of English and Dutch auctions. Electronic Markets, 30, 151-161. https://doi.org/10.1007/s12525-019-00355-w

Vancouver

Malekovic N, Goutas L, Sutanto J, Galletta D. Regret under different auction designs: the case of English and Dutch auctions. Electronic Markets. 2020 Mar 1;30:151-161. Epub 2019 Jul 23. doi: 10.1007/s12525-019-00355-w

Author

Malekovic, N. ; Goutas, L. ; Sutanto, J. et al. / Regret under different auction designs: the case of English and Dutch auctions. In: Electronic Markets. 2020 ; Vol. 30. pp. 151-161.

Bibtex

@article{ff2ae65dfbf940a8b72ae221c4ddde94,
title = "Regret under different auction designs: the case of English and Dutch auctions",
abstract = "Studies have shown that users experience regret in online electronic auctions. Our study adds to the research on the antecedents of regret by examining the effects of the major types of auction design on users{\textquoteright} experience of regret. Towards this goal, we analyzed bidders{\textquoteright} experience of regret in English and Dutch auctions. Given that English and Dutch auctions are known to produce different types of bidding behavior and outcomes, we expect that the two types of auction design will also have a differential impact on experiencing regret. We report results from a lab experiment that was implemented as a self-developed mobile application for hotel room reservations. We examined the effects of the two open-bid auction types on the experience of regret, and found that users are more likely to experience regret in Dutch auctions. We point out the theoretical relevance and practical implications of our findings.",
keywords = "Regret, Online auctions, Open ascending-bid auction, Open descending-bid auction, English auction, Dutch auction",
author = "N. Malekovic and L. Goutas and J. Sutanto and D. Galletta",
year = "2020",
month = mar,
day = "1",
doi = "10.1007/s12525-019-00355-w",
language = "English",
volume = "30",
pages = "151--161",
journal = "Electronic Markets",
issn = "1019-6781",
publisher = "Springer Verlag",

}

RIS

TY - JOUR

T1 - Regret under different auction designs: the case of English and Dutch auctions

AU - Malekovic, N.

AU - Goutas, L.

AU - Sutanto, J.

AU - Galletta, D.

PY - 2020/3/1

Y1 - 2020/3/1

N2 - Studies have shown that users experience regret in online electronic auctions. Our study adds to the research on the antecedents of regret by examining the effects of the major types of auction design on users’ experience of regret. Towards this goal, we analyzed bidders’ experience of regret in English and Dutch auctions. Given that English and Dutch auctions are known to produce different types of bidding behavior and outcomes, we expect that the two types of auction design will also have a differential impact on experiencing regret. We report results from a lab experiment that was implemented as a self-developed mobile application for hotel room reservations. We examined the effects of the two open-bid auction types on the experience of regret, and found that users are more likely to experience regret in Dutch auctions. We point out the theoretical relevance and practical implications of our findings.

AB - Studies have shown that users experience regret in online electronic auctions. Our study adds to the research on the antecedents of regret by examining the effects of the major types of auction design on users’ experience of regret. Towards this goal, we analyzed bidders’ experience of regret in English and Dutch auctions. Given that English and Dutch auctions are known to produce different types of bidding behavior and outcomes, we expect that the two types of auction design will also have a differential impact on experiencing regret. We report results from a lab experiment that was implemented as a self-developed mobile application for hotel room reservations. We examined the effects of the two open-bid auction types on the experience of regret, and found that users are more likely to experience regret in Dutch auctions. We point out the theoretical relevance and practical implications of our findings.

KW - Regret

KW - Online auctions

KW - Open ascending-bid auction

KW - Open descending-bid auction

KW - English auction

KW - Dutch auction

U2 - 10.1007/s12525-019-00355-w

DO - 10.1007/s12525-019-00355-w

M3 - Journal article

VL - 30

SP - 151

EP - 161

JO - Electronic Markets

JF - Electronic Markets

SN - 1019-6781

ER -