Title

Comparison of Institutions and Mechanisms present on eBay and the IPO marker and the Impact on Pricing

Abstract

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

5-2006

Degree Type

Thesis

Format

PDF

URI

http://soundideas.pugetsound.edu/economics_theses/22

Language

English

Department

Economics