Bagchi, Aniruddha; Katzman, Brett; Mathews, Timothy - In: Journal of Economics 112 (2014) 1, pp. 1-29
This paper examines situations in which a seller might make a second chance (take-it-or-leave-it) offer to a non-winning bidder at a price equal to their bid at auction. This study is motivated by the take-it-or-leave-it second chance offer rules used by eBay and a number of state procurement...