Replication data for: The Bidder's Curse: Comment
Principal Investigator(s): View help for Principal Investigator(s) Henry S. Schneider
Version: View help for Version V1
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Data_AER-MS-2012-0767 | 10/11/2019 11:51:PM | ||
LICENSE.txt | text/plain | 14.6 KB | 10/11/2019 07:51:PM |
Project Citation:
Schneider, Henry S. Replication data for: The Bidder’s Curse: Comment. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-11. https://doi.org/10.3886/E112883V1
Project Description
Summary:
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The prices of auctions on eBay often exceed eBay's fixed-price "Buy-
It-Now" prices. I investigate the causes of this overbidding, focusing
on the interpretation in Malmendier and Lee (2011) that the observed
overbidding cannot be explained "without allowing for nonstandard
preferences or beliefs" and that the "strongest direct evidence points
to limited attention." Using data from their study and new data from
eBay, I provide evidence that a key condition for identifying nonstandard behavior may not have been met, and that the observed overbidding is not inconsistent with standard behavior once we allow for the likely presence of search costs. (JEL D12, D44, D83)
Scope of Project
JEL Classification:
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D12 Consumer Economics: Empirical Analysis
D44 Auctions
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
D12 Consumer Economics: Empirical Analysis
D44 Auctions
D83 Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
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