About: Pay-to-Bid Auctions: Evidence from Czech Data

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An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	This paper examines properties of pay-to-bid auctions. Pay-to-bid auctions represent a relatively new type of all-pay auctions in which participants have to pay a fee in order to increase the purchase price by a small fixed bidding increment. The player who submits the last bid wins the right to buy the auctioned item at the current purchase price, which is normally substantially lower than the value of the item. While most of the existing studies examine the data on the international server Swoopo.com, we present a unique dataset retrieved from the Czech auction site Bonus.cz. In the paper, we introduce econometric models that explain the total number of bids and seller’s revenue using data from the period between July 2009 and April 2010 where the basic properties of the auctions correspond to the stylized facts found in the US data. We compare the results with predictions of the model of payto- bid auctions introduced by [3]. This paper examines properties of pay-to-bid auctions. Pay-to-bid auctions represent a relatively new type of all-pay auctions in which participants have to pay a fee in order to increase the purchase price by a small fixed bidding increment. The player who submits the last bid wins the right to buy the auctioned item at the current purchase price, which is normally substantially lower than the value of the item. While most of the existing studies examine the data on the international server Swoopo.com, we present a unique dataset retrieved from the Czech auction site Bonus.cz. In the paper, we introduce econometric models that explain the total number of bids and seller’s revenue using data from the period between July 2009 and April 2010 where the basic properties of the auctions correspond to the stylized facts found in the US data. We compare the results with predictions of the model of payto- bid auctions introduced by [3]. (en)
Title	Pay-to-Bid Auctions: Evidence from Czech Data Pay-to-Bid Auctions: Evidence from Czech Data (en)
skos:prefLabel	Pay-to-Bid Auctions: Evidence from Czech Data Pay-to-Bid Auctions: Evidence from Czech Data (en)
skos:notation	RIV/00216224:14560/13:00074751!RIV15-MSM-14560___
http://linked.open...avai/riv/aktivita	S
http://linked.open...avai/riv/aktivity	S
http://linked.open...vai/riv/dodaniDat	2015
http://linked.open...aciTvurceVysledku	Kuna, Vojtěch Krčál, Ondřej
http://linked.open.../riv/druhVysledku	D - Článek ve sborníku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Masarykova univerzita / Ekonomicko-správní fakulta
http://linked.open...dnocenehoVysledku	95589
http://linked.open...ai/riv/idVysledku	RIV/00216224:14560/13:00074751
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	internet auctions; bidding; fees; risk-seeking preferences (en)
http://linked.open.../riv/klicoveSlovo	bidding internet auctions fees risk-seeking preferences
http://linked.open...ontrolniKodProRIV	[F72D87D3E744]
http://linked.open...v/mistoKonaniAkce	Jihlava
http://linked.open...i/riv/mistoVydani	Jihlava
http://linked.open...i/riv/nazevZdroje	Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	2 (xsd:int)
http://linked.open...cetTvurcuVysledku	2 (xsd:int)
http://linked.open...UplatneniVysledku	2013
http://linked.open...iv/tvurceVysledku	Krčál, Ondřej Kuna, Vojtěch
http://linked.open...vavai/riv/typAkce	EUR - Evropská
http://linked.open...ain/vavai/riv/wos	000335578000084
http://linked.open.../riv/zahajeniAkce	2013-09-11 (xsd:date)
number of pages	6 (xsd:int)
http://purl.org/ne...btex#hasPublisher	College of Polytechnics Jihlava
https://schema.org/isbn	9788087035764
http://localhost/t...ganizacniJednotka	14560

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