Tag: bidding costs
Episode 8: Pavel Kireyev
In this episode, I talk to Pavel Kireyev (INSEAD) about two of his recent papers. In one paper, he studies what drives willingness-to-pay in the CryptoKitties market, and also analyzes how valuing items based on observed prices may be biased. In another paper, he studies how differences in bidding costs between marketplaces can lead to different price outcomes.