An empirical investigation of late bidding in online auctions
Why 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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- Alvin E. Roth & Axel Ockenfels, 2002.
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