Svoboda, Miroslav; Bocák, Petr - In: Prague Economic Papers 2013 (2013) 3, pp. 418-432
This paper analyses the pay-per-bid auctions which have appeared recently on the Internet and scored an immediate 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...