Easley, Robert F.; Tenorio, Rafael - EconWPA - 1999
A bidding strategy commonly observed in Internet auctions, though not frequently in live auctions, is that of "jump-bidding … characteristics, and derive the conditions under which jump-bidding constitutes an equilibrium strategy in a format commonly used for … consistent with the basic predictions from our model. We find that jump-bidding is more likely earlier in an Internet auction …