Sniping to Avoid the Endowment E ect in Auctions

Christopher Cotton

No 2010-13, Working Papers from University of Miami, Department of Economics

Abstract: An endowment effect can result in both multiple bidding and sniping in auctions. It can cause players to bid multiple times and overpay for items. Sniping is a rational response for experienced bidders looking to avoid the endowment effect.

Keywords: auction; eBay; multiple bidding; sniping; endowment effect (search for similar items in EconPapers)
JEL-codes: D44 D83 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2009-09
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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