On the other hand, satisfaction can be described as the bidder having a positive
emotional state resulting from purchasing through an auctioneer or from
transacting with the seller. Historically, satisfaction has been used to explain
loyalty as a kind of behavioral intention (e.g. the likelihood of repurchasing and
recommending), and satisfaction has a strong positive effect on repurchase
behavior across a wide range of product and service categories. Moreover,
satisfaction, as an overall evaluation that is built up over time, typically mediates
the effects of product quality, service quality, and price or payment equity on
repurchase intention (Fornell et al. 1996; Gustafsson et al. 2005). Therefore, we
formulate the following hypotheses