Publication
Empirical evidence on the impact of reserve prices in English auctions
| dc.contributor.author | Gonçalves, Ricardo | |
| dc.date.accessioned | 2014-06-05T15:02:00Z | |
| dc.date.available | 2014-06-05T15:02:00Z | |
| dc.date.issued | 2013 | |
| dc.description.abstract | We study the impact of reserve prices on the revenue of English auctions using a unique hand-collected database of virtual football players from the online football management game Hattrick. As theoretically predicted, setting a reserve price entails a trade-off between the cost of setting it too high and having the good go unsold, and the benefit associated with a higher revenue should the reserve price successfully extract surplus from the highest bidder. Overall, we find the net benefit of setting a higher reserve price to be negative, regardless of the value of the reserve price. This is a novel result insofar as previous literature has generally found an insignificant or positive effect of the reserve price on unconditional auction revenue. | por |
| dc.description.version | info:eu-repo/semantics/publishedVersion | |
| dc.identifier.citation | GONÇALVES, Ricardo - Empirical Evidence on the Impact of Reserve Prices in English Auctions. Journal of Industrial Economics. ISSN 1467-6451. Vol. 61, N.º 1 (2013), p. 202–242 | por |
| dc.identifier.doi | 10.1111/joie.12009 | |
| dc.identifier.eissn | 1467-6451 | |
| dc.identifier.issn | 0022-1821 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/14494 | |
| dc.identifier.wos | WOS:000316754800008 | |
| dc.language.iso | eng | por |
| dc.peerreviewed | yes | por |
| dc.publisher | John Wiley and Sons | por |
| dc.title | Empirical evidence on the impact of reserve prices in English auctions | por |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 242 | |
| oaire.citation.issue | 1 | |
| oaire.citation.startPage | 202 | |
| oaire.citation.title | Journal of Industrial Economics | |
| oaire.citation.volume | 61 | |
| person.familyName | Gonçalves | |
| person.givenName | Ricardo | |
| person.identifier.ciencia-id | 961B-2928-7C07 | |
| person.identifier.orcid | 0000-0002-8457-4479 | |
| person.identifier.rid | B-6098-2009 | |
| person.identifier.scopus-author-id | 36243474900 | |
| rcaap.rights | restrictedAccess | por |
| rcaap.type | article | por |
| relation.isAuthorOfPublication | 6f337277-3584-41cc-b631-3a9d222e9e01 | |
| relation.isAuthorOfPublication.latestForDiscovery | 6f337277-3584-41cc-b631-3a9d222e9e01 |
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