Late Bidding in Open Auctions with Two Buyers

2013 ◽  
Author(s):  
Colin M. Campbell ◽  
Ying Zhang
Keyword(s):  
Late Bidding

An Implementation of a New Type of Online Auction

2011 ◽  
pp. 161-176
Author(s):  
M. A. Otair ◽  
Ezz Hattab
Keyword(s):  
Comparative Analysis ◽  
Online Auction ◽  
Practical Implementation ◽  
Closing Time ◽  
Auction Mechanism ◽  
Late Bidding ◽  
New Type ◽  
Fixed End ◽  
End Times

In recent years, there has been an increased interest in the types of online auction. Yet many auctions with fixed-end times are experiencing “sniping” or submission of bids in the final minute of an auction. Late bidding deprives rivals of the ability of seeing one’s bid and undercutting it. Late bidding facilitates colludes or independent pricing well above that predicated by auction mechanism. This article aims to propose and implement a new type of online auction called Least and Unique Price (LUP). In the LUP auction, the winner will be the bidder who submits the least and unique price. Moreover, late bidding and specific closing time also be overcome by the LUP auction. In addition, this article presents the practical implementation of the proposed auction. In order to evaluate the proposed auction a comparative analysis of different auction types and the proposed one has been done.

An empirical investigation of late bidding in online auctions

2012 ◽  
Vol 117 (3) ◽  
pp. 715-717
Author(s):  
Tarek Ben Rhouma ◽  
Georges Zaccour
Keyword(s):  
Empirical Investigation ◽  
Online Auctions ◽  
Late Bidding

scholarly journals SOME EVIDENCE ON LATE BIDDING IN EBAY AUCTIONS

2008 ◽  
Vol 46 (3) ◽  
pp. 369-379 ◽  
Author(s):  
LADISLAV WINTR
Keyword(s):  
Late Bidding ◽  
Ebay Auctions

scholarly journals Sniping and Squatting in Auction Markets

2009 ◽  
Vol 1 (2) ◽  
pp. 68-94 ◽  
Author(s):  
Jeffrey C Ely ◽  
Tanjim Hossain
Keyword(s):  
Field Experiment ◽  
Real World ◽  
World Market ◽  
Online Auction ◽  
Auction Markets ◽  
Bidding Strategies ◽  
Late Bidding

We conducted a field experiment to test the benefit from late bidding (sniping) in online auction markets. We compared sniping to early bidding (squatting) in auctions for newly-released DVDs on eBay. Sniping led to a statistically significant increase in our average surplus. However, this improvement was small. The two bidding strategies resulted in a variety of other qualitative differences in the outcomes of auctions. We show that a model of multiple concurrent auctions, in which our opponents are naïve or incremental bidders as identified in the lab, explain the results well. Our findings illustrate how the overall impact of naïveté, and the benefit from sniping observed in the lab, may be substantially attenuated in real-world market settings. (JEL D44)

scholarly journals Good Bids Come to Those Who Wait: The Value of Late Bidding in Online Auctions

2019 ◽  
Vol 95 (309) ◽  
pp. 248-261
Author(s):  
Bryan Lim ◽  
Joshua Shemesh
Keyword(s):  
Online Auctions ◽  
Late Bidding
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