Last-Minute Bidding in Internet Auctions: Market Design, Bidder Behavior, and Artifical Agents

Auctions on the Internet provide a new source of data on how bidding is influenced by the detailed rules of the auction. Here we study the second-price auction run by eBay and Amazon, in which a bidder submits a reservation price, and has this (maximum) price used to bid for him by proxy.[...]

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Year of publication:	2002-09-01
Authors:	Roth, Alvin E. ; Ockenfels, Axel
Institutions:	Max-Planck-Institut für Ökonomik <Jena> / Abteilung Strategische Interaktion
Subject:	Markteffizienz \| Internetauktion \| Electronic Auctions \| Zahlungsbereitschaft \| Auktionstheorie \| auction

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Extent:	305152 bytes 17 p. application/pdf
Series:	Max-Planck-Insitut für Ökonomik - Papers on Strategic Interaction Discussion Paper ; 0232 (2002)
Type of publication:	Book / Working Paper
Language:	English
Classification:	Sales and distribution ; Consumer behaviour ; Study of commerce ; Individual Working Papers, Preprints ; No country specification
Source:	USB Cologne (business full texts)