{"id":"https://openalex.org/W2030324060","doi":"https://doi.org/10.1145/1282100.1282154","title":"Market depth and efficiency in online auctions","display_name":"Market depth and efficiency in online auctions","publication_year":2007,"publication_date":"2007-08-19","ids":{"openalex":"https://openalex.org/W2030324060","doi":"https://doi.org/10.1145/1282100.1282154","mag":"2030324060"},"language":"en","primary_location":{"id":"doi:10.1145/1282100.1282154","is_oa":false,"landing_page_url":"https://doi.org/10.1145/1282100.1282154","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the ninth international conference on Electronic commerce","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5082290474","display_name":"Robert J. Kauffman","orcid":"https://orcid.org/0000-0002-3757-0010"},"institutions":[{"id":"https://openalex.org/I55732556","display_name":"Arizona State University","ror":"https://ror.org/03efmqc40","country_code":"US","type":"education","lineage":["https://openalex.org/I55732556"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Robert J. Kauffman","raw_affiliation_strings":["Arizona State University, Tempe, AZ"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Arizona State University, Tempe, AZ","institution_ids":["https://openalex.org/I55732556"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5110580635","display_name":"Charles A. Wood","orcid":null},"institutions":[{"id":"https://openalex.org/I107639228","display_name":"University of Notre Dame","ror":"https://ror.org/00mkhxb43","country_code":"US","type":"education","lineage":["https://openalex.org/I107639228"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Charles A. Wood","raw_affiliation_strings":["Notre Dame University, South Bend, IN"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Notre Dame University, South Bend, IN","institution_ids":["https://openalex.org/I107639228"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.16414687,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"2","issue":null,"first_page":"277","last_page":"282"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9972000122070312,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11161","display_name":"Consumer Market Behavior and Pricing","score":0.9972000122070312,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9972000122070312,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13342","display_name":"Art History and Market Analysis","score":0.996399998664856,"subfield":{"id":"https://openalex.org/subfields/1213","display_name":"Visual Arts and Performing Arts"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/exploit","display_name":"Exploit","score":0.8487354516983032},{"id":"https://openalex.org/keywords/collectable","display_name":"Collectable","score":0.8426915407180786},{"id":"https://openalex.org/keywords/common-value-auction","display_name":"Common value auction","score":0.8110641241073608},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5902727842330933},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.494184285402298},{"id":"https://openalex.org/keywords/reverse-auction","display_name":"Reverse auction","score":0.4152512550354004},{"id":"https://openalex.org/keywords/commerce","display_name":"Commerce","score":0.34249550104141235},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.28808122873306274},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.26116877794265747},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.15479376912117004},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.10585364699363708}],"concepts":[{"id":"https://openalex.org/C165696696","wikidata":"https://www.wikidata.org/wiki/Q11287","display_name":"Exploit","level":2,"score":0.8487354516983032},{"id":"https://openalex.org/C93377579","wikidata":"https://www.wikidata.org/wiki/Q2342494","display_name":"Collectable","level":2,"score":0.8426915407180786},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.8110641241073608},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5902727842330933},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.494184285402298},{"id":"https://openalex.org/C194291561","wikidata":"https://www.wikidata.org/wiki/Q2852717","display_name":"Reverse auction","level":3,"score":0.4152512550354004},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.34249550104141235},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.28808122873306274},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.26116877794265747},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.15479376912117004},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.10585364699363708},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/1282100.1282154","is_oa":false,"landing_page_url":"https://doi.org/10.1145/1282100.1282154","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the ninth international conference on Electronic commerce","raw_type":"proceedings-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.44999998807907104}],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":28,"referenced_works":["https://openalex.org/W1499550068","https://openalex.org/W1506153074","https://openalex.org/W1508947067","https://openalex.org/W1514545105","https://openalex.org/W1611898144","https://openalex.org/W1975994995","https://openalex.org/W1984272629","https://openalex.org/W1991782433","https://openalex.org/W2017059355","https://openalex.org/W2037931431","https://openalex.org/W2038621549","https://openalex.org/W2042790497","https://openalex.org/W2046033161","https://openalex.org/W2119143694","https://openalex.org/W2131773668","https://openalex.org/W2138293190","https://openalex.org/W2152821677","https://openalex.org/W3122597312","https://openalex.org/W3123292495","https://openalex.org/W3123598380","https://openalex.org/W3124298675","https://openalex.org/W3124855144","https://openalex.org/W3146425672","https://openalex.org/W3151910759","https://openalex.org/W4231546411","https://openalex.org/W4241226388","https://openalex.org/W6630305335","https://openalex.org/W6630677308"],"related_works":["https://openalex.org/W2461978323","https://openalex.org/W17155033","https://openalex.org/W1843974767","https://openalex.org/W3207760230","https://openalex.org/W1496222301","https://openalex.org/W2087960970","https://openalex.org/W2090191298","https://openalex.org/W1544859418","https://openalex.org/W2089128004","https://openalex.org/W2239951553"],"abstract_inverted_index":{"Technological":[0],"advancements":[1],"have":[2,48],"transformed":[3],"the":[4,31,49,72,87,105,119],"auction":[5,121,142],"markets,":[6],"where":[7,37],"investing":[8],"in":[9,91],"collectibles,":[10],"like":[11],"rare":[12],"coins,":[13],"is":[14,102],"more":[15],"akin":[16],"to":[17,51,71,80,104,109,148],"buying":[18],"and":[19,61,66,111],"selling":[20],"stocks.":[21],"There":[22],"can":[23,62,76,123,138],"be":[24],"market":[25,122],"prices":[26],"established,":[27],"with":[28,45,113],"investors":[29,47,75,137],"scouring":[30],"online":[32,92,120,141],"auctions,":[33,110,118],"such":[34],"as":[35,44],"eBay,":[36],"millions":[38],"of":[39,89,107,117],"transactions":[40],"occur":[41],"daily.":[42],"Just":[43],"stocks,":[46],"ability":[50],"purchase":[52],"these":[53],"collectibles":[54],"without":[55],"leaving":[56],"their":[57],"home":[58],"or":[59],"office,":[60],"search,":[63],"compare,":[64],"buy,":[65],"sell":[67],"collectibles.":[68],"Also":[69],"similar":[70],"stock":[73],"market,":[74],"look":[77],"for":[78,145],"inefficiencies":[79,147],"exploit.":[81,149],"This":[82],"multi-year":[83],"exploratory":[84],"study":[85],"investigates":[86],"level":[88],"efficiency":[90,101],"auctions":[93],"over":[94],"five":[95],"years.":[96],"We":[97],"find":[98],"evidence":[99],"that":[100,112],"tied":[103],"ratio":[106],"bidders":[108],"a":[114],"sufficient":[115],"number":[116],"approach":[124],"efficiency,":[125],"affording":[126],"purchasers":[127],"some":[128],"protection":[129],"from":[130],"overpaying.":[131],"Our":[132],"findings":[133],"also":[134],"suggest":[135],"when":[136],"best":[139],"search":[140],"markets":[143],"looking":[144],"profitable":[146]},"counts_by_year":[],"updated_date":"2026-07-29T14:22:42.915294","created_date":"2025-10-10T00:00:00"}