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dc.contributor.authorAriely, Dan
dc.contributor.authorOckenfels, Axel
dc.contributor.authorRoth, Alvin
dc.date.accessioned2009-02-08T21:17:00Z
dc.date.issued2005
dc.identifier.citationAriely, D., Axel Ockenfels, and Alvin E. Roth. 2005. An experimental analysis of ending rules in internet auctions. Rand Journal of Economics 36(4): 890-907.en
dc.identifier.issn0741-6261en
dc.identifier.urihttp://nrs.harvard.edu/urn-3:HUL.InstRepos:2579649
dc.description.abstractA great deal of late bidding has been observed on internet auctions such as eBay, which employ a second price auction with a fixed deadline. Much less late bidding has been observed on internet auctions such as those run by Amazon, which employ similar auction rules, but use an ending rule that automatically extends the auction if necessary after the scheduled close until ten minutes have passed without a bid. This paper reports an experiment that allows us to examine the effect of the different ending rules under controlled conditions, without the other differences between internet auction houses that prevent unambiguous interpretation of the field data. We find that the difference in auction ending rules is sufficient by itself to produce the differences in late bidding observed in the field data. The experimental data also allow us to examine how individuals bid in relation to their private values, and how this behavior is shaped by the different opportunities for learning provided in the auction conditions.en
dc.description.sponsorshipEconomicsen
dc.language.isoen_USen
dc.publisherRand Journal of Economicsen
dc.relation.isversionofhttp://dx.doi.org/10.2139/ssrn.429963en
dash.licenseMETA_ONLY
dc.titleAn Experimental Analysis of Ending Rules in Internet Auctionsen
dc.relation.journalRand Journal of Economicsen
dash.depositing.authorRoth, Alvin
dash.embargo.until10000-01-01
dc.identifier.doi10.2139/ssrn.429963*
dash.contributor.affiliatedRoth, Alvin


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