Digital technology is the representation of information in bits. This technology has reduced
the cost of storage, computation, and transmission of data. Research on digital economics …

Data are invaluable. How can we assess the value of data objectively, systematically and
quantitatively? Pricing data, or information goods in general, has been studied and practiced …

Economic engineering is the science of designing real-world institutions and mechanisms
that align individual incentives and behavior with the underlying goals. This paper discusses …

Reciprocity in feedback giving distorts the production and content of reputation information
in a market, hampering trust and trade efficiency. Guided by feedback patterns observed on …

People often observe others' decisions before deciding themselves. Using eBay data for
DVD auctions we explore the consequences of neglecting nonsalient information when …

Online auctions present unique characteristics in the consumer decision-making process
that raise new issues related to consumer shopping behaviors in auction-based purchases …

We employ a novel approach to identify overbidding in auctions. We compare online auction
prices to fixed prices for the same item on the same webpage. In detailed data on auctions of …

Each year art and antiques worth many billions of pounds are sold at auction. These
auctions consist of numerous, intense episodes of social interaction through which the price …

Auctions: A Survey of Experimental Research* John H. Kagel and Dan Levin Department of
Economics The Ohio State University 410 Page 1 Auctions: A Survey of Experimental …

This survey brings together theoretical and empirical questions that have been addressed in
the economic literature on eBay, focusing on understanding the behavior of buyers and …