data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …

data. Moreover, numerous innovations in auction-design features on platforms such as eBay have created excellent research …-now options) in online auctions, as well as some of the literature dealing with online-auction design (including stopping rules …

question of the value added of letting the sourcing process consist of both an auction and a negotiation stage, theoretically … and in a laboratory experiment. Our theoretical results suggest that in a setting where the buyer and the suppliers have … auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and …

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in … this opens a way for bidders to implicitly collude, and avoid bidding wars, in auctions such as those run by eBay, which …

There is a great deal of late bidding on internet second price auctions. We show that this need not result from either … common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in … this opens a way for bidders to implicitly collude, and avoid bidding wars, in auctions such as those run by eBay, which …

In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit … their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … second price internet auctions, in which very late bids have a positive probability of not being successfully submitted, and …