Ariely, Dan; Ockenfels, Axel; Roth, Alvin E. - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2002
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 employ similar auction rules, but use an ending rule that...