Fay, Scott; Laran, Juliano - In: Management Science 55 (2009) 11, pp. 1783-1796
and laboratory auctions to explore how the frequency of changes in the threshold price impacts consumer bidding behavior … the probability of a price change is moderate, consumers may have an incentive to use nonmonotonic bidding patterns … nonmonotonic bidding patterns. Interestingly, impatient bidders are more likely to decrease their bids at some point in the bid …