An Experimental Analysis of Ending Rules in Internet Auctions
- Topics:
- Internet Advertising,
- Marketing Strategy
- Source:
- University of Cologne
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Overview: 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 automatically extends the auction if necessary after the scheduled close until ten minutes have passed without a bid. This paper reports an experiment that allows one to examine the effect of the different ending rules under controlled conditions, without the other differences between internet auction houses that prevent unambiguous interpretation of the field data.
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Format: PDF | Size: 143KB | Date: Oct 2004 | Pages: 34
