G-2007-95
An Empirical Analysis of Jump Bidding in Internet Auctions
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This paper attempts to shed an empirical light on so-called jump bidding in ascending auctions. There is a jump when a participant in an auction outbids the last proposal by more than what is required by the rule of the auction. Using a data set from eBay, we find that the initial price, the selling price and the average degree of participant expertise are the main drivers of jump bidding.
Paru en décembre 2007 , 18 pages
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