Ending Rules in Simultaneous Ascending Auctions: Insights from Auctions on the Internet Export

@article{Taylor_2008_EndingRulesinInternetAuctions, abstract = {I use a simultaneous, unit demand, heterogeneous good, ascending auction framework to explain several empirical regularities observed in Internet auctions. In particular, I demonstrate the incentive to snipe in `hard close' eBay style auctions and the absence of such an incentive in auctions with extendable end times. I am able to support both early and late bidding in the same framework: with early bids used as a matching mechanism and last-minute bids serving to discourage manipulative behaviour.}, author = {Taylor, Greg}, citeulike-article-id = {2959653}, citeulike-linkout-0 = {http://ssrn.com/abstract=1133520}, citeulike-linkout-1 = {http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1133520_code1022656.pdf?abstractid=1133520&mirid=1}, journal = {Social Science Research Network Working Paper Series}, keywords = {auctions, internet\_auctions, multi\_unit, paper\_01\_internet\_auctions, sniping, vcg, walrasian\_equilibrium}, month = {May}, posted-at = {2008-07-03 16:09:39}, priority = {0}, title = {Ending Rules in Simultaneous Ascending Auctions: Insights from Auctions on the Internet}, url = {http://ssrn.com/abstract=1133520}, year = {2008} }

TY - JOUR ID - Taylor_2008_EndingRulesinInternetAuctions L3 - citeulike-article-id:2959653 N2 - I use a simultaneous, unit demand, heterogeneous good, ascending auction framework to explain several empirical regularities observed in Internet auctions. In particular, I demonstrate the incentive to snipe in `hard close' eBay style auctions and the absence of such an incentive in auctions with extendable end times. I am able to support both early and late bidding in the same framework: with early bids used as a matching mechanism and last-minute bids serving to discourage manipulative behaviour. JF - Social Science Research Network Working Paper Series TI - Ending Rules in Simultaneous Ascending Auctions: Insights from Auctions on the Internet KW - auctions KW - internet_auctions KW - multi_unit KW - paper_01_internet_auctions KW - sniping KW - vcg KW - walrasian_equilibrium AU - Taylor, Greg PY - 2008/05// UR - http://ssrn.com/abstract=1133520 ER -