Some evidence on late bidding in eBay auctions
AbstractBidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end-times. This paper examines the three explanations of late bidding in eBay auctions that survived the first scrutiny in Roth and Ockenfels (2002). There is no indication that late bidding could lead to collusive gains for bidders. Late bidding is a strategic response to the presence of bidders placing multiple bids. Experts protecting their private information are typically the last to bid while collectors are often the first. As bidders gain familiarity with eBay rules, they tend to bid slightly earlier
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Bibliographic InfoPaper provided by National Bank of Belgium in its series Working Paper Research with number 126.
Length: 28 pages
Date of creation: Jan 2008
Date of revision:
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Online Auctions; Internet; Late Bidding; eBay;
Other versions of this item:
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-02-02 (All new papers)
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- Genti Kostandini & Elton Mykerezi & Eftila Tanellari & Nour Dib, 2011. "Does Buyer Experience Pay Off? Evidence from eBay," Review of Industrial Organization, Springer, vol. 39(3), pages 253-265, November.
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