Ariely, Dan; Ockenfels, Axel; Roth, Alvin E. - 2003
A great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction … with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which … close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of …
