. "Pay-to-Bid Auctions: Evidence from Czech Data"@en . "2013-09-11+02:00"^^ . "9788087035764" . . "Kuna, Vojt\u011Bch" . "[F72D87D3E744]" . "Proceedings of the 31st International Conference Mathematical Methods in Economics 2013" . "6"^^ . "Pay-to-Bid Auctions: Evidence from Czech Data"@en . . "14560" . "College of Polytechnics Jihlava" . . "Kr\u010D\u00E1l, Ond\u0159ej" . . "Jihlava" . . "Jihlava" . "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\u2019s 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]." . . "RIV/00216224:14560/13:00074751!RIV15-MSM-14560___" . . "RIV/00216224:14560/13:00074751" . . . "S" . . . "2"^^ . "Pay-to-Bid Auctions: Evidence from Czech Data" . "95589" . . "internet auctions; bidding; fees; risk-seeking preferences"@en . . . . "2"^^ . . "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\u2019s 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 . "000335578000084" . "Pay-to-Bid Auctions: Evidence from Czech Data" .