Ockenfels, Axel; Roth, Alvin E. - 2003
their bids in the closing minutes or seconds of an auction. Late bids of this sort are much less frequent in auctions that … show that sniping in a fixed deadline auction can occur even at equilibrium in auctions with private values, as well as in …In second price internet auctions with a fixed end time, such as those on eBay, many bidders snipe , i.e., they submit …