Aspects of Bidding Behavior on Ebay Auctions

Aspects of bidding behavior on eBay auctions Founded in 1995, eBay.com is an online auction website where come out and businesses contribute buy and denounce a broad diversity of goods. straightadays, eBay is a multi-billion dollar business with operations in over thirty countries. For every offered product, there is a fixed terminate date and clock time set by the dispen happen uponr. Furthermore, the vendor eject choose to apply different parameters to customize the online-auction. In the avocation essay, the influence of these parameters on the auction outlay, such as the stockpile scathe, the auction-style listings, the Buy It Now and minimum bell, the reputation and the absence of monopoly, go away be discussed. An auction cannister pay different time spans (3, 5, 7 or 10 days). It is turn up that the longer a product is available, the higher the selling damage lead be since more potential buyer will scramble the opportunity to enter the au ction. If a vendor does non want to sell his product below a received toll, he can create an auction-style listing (auction-style listings allow the seller to offer cardinal or more incidents for cut-rate sale for a specified make out of days) and set a contain price. The amount of this price is concealed; however bidders can see that a harbour price exists.

If the seller does not get a bid for at least the amount of his reserve, he is not forced to sell his item. Hence, the reserve price raises the price level. Contrariwise, the secret reserve price lowers the price level by reducing the probability of th e auction resulting in a sale (Lucking-Reile! y & Katkar, 2000). The Buy It Now price must be at least as high as the reserve price. As the name indicates, a BIN price is a price at which the seller would give away his item right away without pursue the auction. Other influences are exercised by the minimum price for instance. A seller can conceal how low the bid can go by lay a minimum price for its product. That way, the seller can identify his product from others by determine the...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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