times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of …Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … seconds of an auction, knowing that bids arriving after the closure of the auction are not counted. They also bid several …

from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing … when using the auction mechanism. This paper shows that in the French market, where the frequency of book-building and …

We analyze the welfare consequences of an increase in the commissions charged by the organizer of an auction … of tax incidence in consumer economics. We argue, however, that auction markets deserve a separate treatment. Indeed we …