1. The Internet as a Third Party
K. Steiglitz
10/27/09
WWS451

2. The Internet as a Third Party
K. Steiglitz
10/14/08
WWS451

5.    

10. English
Vickrey
eBay

16. Squeeze out the juice Private value model + Homo economicus + Vickrey
+ Nash
= Revenue Equivalence and boring behavior

17. Unique items vs. Commodities … put back the passion
Frenzy
Greed
Spite
Suspicion
Impatience
Doubt
Obsession

21. The online auction as a third party:
Trusted
Fast
Global
Low-cost
Convenient
Excites competition

22. The online auction as a third party:
Trusted?
Fast
Global
Low-cost
Convenient
Excites competition

24. The dark side Bidder collusion Fakes Ethics of trading in antiquities
Shill bidding…