Some Evidence on Late Bidding in Ebay Auctions

National Bank of Belgium Working Paper No. 126

28 Pages Posted: 3 Oct 2010

Date Written: January 25, 2008

Abstract

Bidding in the last seconds or minutes of an auction is a common strategy in Internet auctions with fixed end-times. This paper examines the three explanations of late bidding in eBay auctions that survived the first scrutiny in Roth and Ockenfels (2002). There is no indication that late bidding could lead to collusive gains for bidders. Late bidding is a strategic response to the presence of bidders placing multiple bids. Experts protecting their private information are typically the last to bid while collectors are often the first. As bidders gain familiarity with eBay rules, they tend to bid slightly earlier.

Keywords: Online Auctions, Internet, Late Bidding, eBay

JEL Classification: D44

Suggested Citation

Wintr, Ladislav, Some Evidence on Late Bidding in Ebay Auctions (January 25, 2008). National Bank of Belgium Working Paper No. 126. Available at SSRN: https://ssrn.com/abstract=1685763 or http://dx.doi.org/10.2139/ssrn.1685763

Ladislav Wintr (Contact Author)

Banque Centrale du Luxembourg ( email )

2, boulevard Royal
Luxembourg, L-2983
Luxembourg

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