Comparison of Institutions and Mechanisms present on eBay and the IPO marker and the Impact on Pricing
eBay is a relatively new mechanism for connecting buyers and sellers from all over the world. Since most buyers never see the good till it is delivered there is a lot of inherent information asymmetry. The IPO market is a relatively old one that has had time to fully develop its mechanisms and institutions that eliminate information asymmetry. This is a comparison between the mechanisms that the two markets have in place and their functions and results. Based on the institutions and mechanisms a model for pricing of goods will be developed.
Date of Completion
Senkyrik, Adam, "Comparison of Institutions and Mechanisms present on eBay and the IPO marker and the Impact on Pricing" (2006). Economics Theses. 22.