Title :
An Empirical Analysis of Bidding Behavior in Simultaneous Ascending-Bid Auctions
Author :
Du, Li ; Chen, Qian ; Bian, Na
Author_Institution :
Sch. of Economic & Manage., Xidian Univ., Xi´´an, China
Abstract :
Collecting auction data on jinmajia.com, we make an analysis on bidding behaviors in simultaneous ascending-bid auctions. Our results indicate that it is not optimal for bidders to use the late- and cross-bidding strategies in the large simultaneous ascending-bid auctions with the soft ending rule.
Keywords :
consumer behaviour; electronic commerce; auction data; bidding behavior; cross bidding strategy; empirical analysis; late bidding strategy; simultaneous ascending bid auction; Biological system modeling; Book reviews; Cost accounting; Economics; Games; Internet; Monitoring; Bidding strategy; Cross-bidding; Late-bidding; Simultaneous ascending-bid auctions;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.70
