Roth, Alvin E.; Ockenfels, Axel - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2002
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.[...]