Auctions: Research Opportunities in Marketing

Dipankar Chakravarti*, Eric Greenleaf, Atanu Sinha, Amar Cheema, James C. Cox, Daniel Friedman, Teck Ho, R. Mark Isaac, Andrew A. Mitchell, Amnon Rapoport, Michael H. Rothkopf, Joydeep Srivastava, Rami Zwick

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

41 Citations (Scopus)

Abstract

Despite growing interest in traditional and Internet auctions, the marketing literature on auctions is sparse. This paper outlines selected aspects of the research opportunity. We provide a brief description of the major auction mechanisms, outline key concepts and results from the economic analysis of auctions, and summarize the key findings in empirical tests of auction theory. We then identify areas for future research on auction markets, particularly those of interest to marketers in the new contexts created by the Internet.

Original languageEnglish
Pages (from-to)281-296
Number of pages16
JournalMarketing Letters
Volume13
Issue number3
DOIs
Publication statusPublished - 2002
Externally publishedYes

ASJC Scopus Subject Areas

  • Business and International Management
  • Economics and Econometrics
  • Marketing

Keywords

  • Auctions
  • Bidding behaviour
  • E-markets
  • Economic psychology
  • Experimental economics

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