This paper provides an analysis of takeover auctions in which target firms actively participate by changing their reserve prices. It considers a takeover auction as an affiliated-value English auction with flexible reserve price and discusses how the degree of value affiliation affects the...

Abidding strategy commonly observed in Internet auctions is that of "jump bidding," or entering a bid larger than what is necessary to be a currently winning bidder. In this paper, we argue that the cost associated with entering online bids and the uncertainty about future entry---both of which...

This paper reports findings of two field studies, conducted on a local online auction website, that compare bidding strategies in charity and non-charity auctions, focusing on the extent of jump bidding at different stages of auctions. Results indicate that jump bidding is negatively correlated...