An empirical investigation of late bidding in online auctions
AbstractWhy do some participants in online auctions place their bids right before the time of closing? Using e-Bay data, we propose count-data models to look at both the presence of the late-bidding phenomenon and its intensity. Our results reveal significant differences between extremely late-bidders (snipers) and moderately late-bidders.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 117 (2012)
Issue (Month): 3 ()
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Web page: http://www.elsevier.com/locate/ecolet
Late bidding; Internet auctions; EBay; Count models;
Find related papers by JEL classification:
- D4 - Microeconomics - - Market Structure and Pricing
- H4 - Public Economics - - Publicly Provided Goods
- L8 - Industrial Organization - - Industry Studies: Services
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