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Media type:
E-Article
Title:
SOME EVIDENCE ON LATE BIDDING IN EBAY AUCTIONS
Contributor:
WINTR, LADISLAV
Published:
Wiley, 2008
Published in:
Economic Inquiry, 46 (2008) 3, Seite 369-379
Language:
English
DOI:
10.1111/j.1465-7295.2007.00097.x
ISSN:
0095-2583;
1465-7295
Origination:
Footnote:
Description:
Bidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end‐time. This paper examines the three explanations of late bidding in eBay auctions that survived the first scrutiny in Roth and Ockenfels (2002). There is no indication that late bidding could lead to collusive gains for bidders. Late bidding is a strategic response to the presence of bidders placing multiple bids. Experts protecting their private information are typically the last to bid, while collectors are often the first. As bidders gain familiarity with eBay rules, they tend to bid slightly earlier. (JEL D44)