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Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Optimal fees in internet auctions
AU - Matros, Alexander
AU - Zapechelnyuk, Andriy
PY - 2008/9
Y1 - 2008/9
N2 - 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.
AB - 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.
KW - Internet auctions
KW - Auctions with resale
KW - Auction house
KW - Listing fee
KW - Closing fee
U2 - 10.1007/s10058-008-0044-9
DO - 10.1007/s10058-008-0044-9
M3 - Journal article
VL - 12
SP - 155
EP - 163
JO - Review of Economic Design
JF - Review of Economic Design
SN - 1434-4750
IS - 3
ER -