Sniping to Avoid the Endowment E ect in Auctions
AbstractAn endowment effect can result in both multiple bidding and sniping in auctions. It can cause players to bid multiple times and overpay for items. Sniping is a rational response for experienced bidders looking to avoid the endowment effect.
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Bibliographic InfoPaper provided by University of Miami, Department of Economics in its series Working Papers with number 2010-13.
Length: 6 pages
Date of creation: Sep 2009
Date of revision:
Publication status: Published
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auction; eBay; multiple bidding; sniping; endowment effect;
Find related papers by JEL classification:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search, Learning, and Information
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-11-27 (All new papers)
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