Reserve Price and Competing Bids: Reference Points for  Product Evaluations in Online Auctions? [Dataset]
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'With an increasing number of products sold in online auctions, the effect of reference points on consumers’ product valuations has received much attention in the literature. Two potentially relevant factors affecting bidders’ preferences are the sellers’ reserve price and the competing bids by other bidders. The current evidence regarding these reference points is mixed. We argue that a focus on studying bids prevents a clear identification of reference point effects. Directly observing product valuations, in two experiments we find that willingness-to-pay in online auctions is affected by both reserve prices and competing bids, supporting the constructed values paradigm' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["bidder competition","online auctions","product valuation","reference points","reserve prices"]} <|eot_id|>
 Here is the Description of a dataset. Description:'With an increasing number of products sold in online auctions, the effect of reference points on consumers’ product valuations has received much attention in the literature. Two potentially relevant factors affecting bidders’ preferences are the sellers’ reserve price and the competing bids by other bidders. The current evidence regarding these reference points is mixed. We argue that a focus on studying bids prevents a clear identification of reference point effects. Directly observing product valuations, in two experiments we find that willingness-to-pay in online auctions is affected by both reserve prices and competing bids, supporting the constructed values paradigm' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
With an increasing number of products sold in online auctions, the effect of reference points on consumers’ product valuations has received much attention in the literature. Two potentially relevant factors affecting bidders’ preferences are the sellers’ reserve price and the competing bids by other bidders. The current evidence regarding these reference points is mixed. We argue that a focus on studying bids prevents a clear identification of reference point effects. Directly observing product valuations, in two experiments we find that willingness-to-pay in online auctions is affected by both reserve prices and competing bids, supporting the constructed values paradigm
bidder competition; online auctions; product valuation; reference points; reserve prices