The Timing of Bids in Internet Auctions: Market Design, Bidder Behavior, and Artificial Agents
Axel Ockenfels and
Alvin Roth ()
Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group
Many bidders in eBay employ bidding strategies that involve late bids, incremental bids, or both. Based on field evidence, we discuss the manner in which late bids are caused both by sophisticated, strategic reasoning and by irrationality and inexperience, the interaction of late bidding and incremental bidding, and the relation between market design and artificial agent design.
New Economics Papers: this item is included in nep-cbe, nep-net and nep-rmg
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed
Downloads: (external link)
Our link check indicates that this URL is bad, the error code is: 500 Failed to connect to FTP server papers.econ.mpg.de: No such host is known.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:esi:discus:2002-33
Ordering information: This working paper can be ordered from
http://www.econ.mpg. ... arch/ESI/discuss.php
Access Statistics for this paper
More papers in Papers on Strategic Interaction from Max Planck Institute of Economics, Strategic Interaction Group Contact information at EDIRC.
Bibliographic data for series maintained by Karin Richter (). This e-mail address is bad, please contact .