Tsuchihashi, Toshihiro - In: Journal of Economic Behavior & Organization 81 (2012) 2, pp. 583-598
Two ending rules, a soft close and a hard close, exist in Internet auctions. The hard close auction involves a fixed deadline, while the deadline in the soft close auction may be extended if at least one bid is submitted in the final few minutes. Thus, the soft close allows buyers to submit...