Stryszowska, Marta - 2004
Internet auctions, such as those on eBay, are known for multiple bidding and sniping. Buyers send bids in the closing … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of … both sniping and multiple bidding. By submitting multiple bids, buyers co-ordinate between auctions, so that all objects …