Last Minute Bidding and the Rules for Ending Second-Price Auctions: Theory and Evidence from a Natural Experiment on the Internet
收藏NBER2000-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7729
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资源简介：
There is a great deal of late bidding on internet second price auctions. We show that this need not result from either common value properties of the objects being sold, or irrational behavior: late bidding can occur at equilibrium even in private value auctions. The reason is that very late bids
提供机构：
美国国家经济研究局
创建时间：
2000-06-01
