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 … that apply the automatic extension rule. The strategic differences in the auction rules are reflected in the field data …

seconds of an auction, knowing that bids arriving after the closure of the auction are not counted. They also bid several … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of …

seconds of an auction, knowing that bids arriving after the closure of the auction are not counted. They also bid several … times at the same auction. We model Internet auction as a dynamic multi-unit auction. This let us explain the rationality of …

The existing auction literature treats on-line auctions as running independently of one another with each bidder … choosing to participate in only one auction. In fact, in the case of on-line auctions, many substitutable goods are auctioned …

with entering on-line bids and the uncertainty concerning bidding competition -- both of which distinguish Internet from … on-line trading, the Yankee Auction. We then present evidence recorded from hundreds of Internet auctions that is … consistent with the basic predictions from our model. We find that jump-bidding is more likely earlier in an Internet auction …