Sinha, Atanu R.; Greenleaf, Eric A. - In: Marketing Science 19 (2000) 3, pp. 244-265
In practice, the rules in most open English auctions require participants to raise bids by a sizeable, discrete amount … bidder aggressiveness they will encounter in actual auctions. We also examine how these strategies change with the auction … bidding. Our model examines open English auctions where bidders have independent, private valuations. We find that discrete …