Shilling, Squeezing, Sniping. A further explanation for late bidding in online second-price auctions

Salvatore Barbaro () and Bernd Bracht

Journal of Behavioral and Experimental Finance, 2021, vol. 31, issue C

Abstract: Several studies provide empirical evidence for sniping (i.e., waiting until the last few seconds to bid) in second-price internet auctions, particularly in auctions at eBay. This evidence was regarded as puzzling and an anomaly for an extended period: How could sniping be consistent with rational behaviour in second-price auctions, where theory predicts that bids’ timing plays no role and there is no incentive to bid less than one’s private value.

Keywords: Auction setting; Sniping; Shill bidding; Squeezing (search for similar items in EconPapers)
JEL-codes: D44 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:31:y:2021:i:c:s2214635021000976

DOI: 10.1016/j.jbef.2021.100553

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