Svoboda, Miroslav; Bocák, Petr - In: Prague Economic Papers 2013 (2013) 3, pp. 418-432
depending on the item´s value, bid fee and price increment. The data from the Czech leading auction site Bonus.cz were chosen … business success. In these auctions bidders pay a small, but irrevocable fee each time they want to increase the price. In this … paper we test the model suggested by Platt, Price and Tappen (2010), which forecasts the distribution of closing prices …