Sniping Bargains: Late Bidding on Pairs of eBay Auctions

Loading...
Thumbnail Image
Penn collection
Wharton Research Scholars
Degree type
Discipline
Subject
Funder
Grant number
License
Copyright date
Distributor
Related resources
Author
Berstein, Daniel
Contributor
Abstract

Internet auctions have resulted in much data that may shed light on buying and selling behavior. Furthermore, they have allowed for field experiments to explore these phenomena with more control and with greater depth. Finally, they have revealed new behavioral patterns worthy of exploration. One of these behaviors is late bidding, or sniping, which occurs when people place bids close to the auction’s close to supposedly have a greater chance of winning at a lower price. This study investigated the monetary benefit a user may gain by delaying the decision of which auction to bid on until the last two minutes. It reviewed past data on DVD auctions to examine this effect.

Advisor
Date Range for Data Collection (Start Date)
Date Range for Data Collection (End Date)
Digital Object Identifier
Series name and number
Publication date
2007-05-01
Journal title
Volume number
Issue number
Publisher
Publisher DOI
Journal Issue
Comments
Recommended citation
Collection