Late Bidding in Internet Auctions

(joint work with Axel Ockenfels and Dan Ariely)

Alvin Roth

George Gund Professor of Economics and Business Administration

Harvard University, and Harvard Business School

There's a lot of late bidding in internet auctions, more under some auction rules than others. We explore the incentives that different auction rules give to bidders, using field data, laboratory experiments, and some mild theory.