Last-Minute Bidding and the Rules for Ending Second-Price ...

tially larger in eBay than in Amazon, and more experience causes bidders to bid later on eBay, but earlier on Amazon. Last-minute bidding, a practice called “ snip-ing,” arises despite advice from both auction-eers and sellers in eBay that bidders should simply submit their maximum willingness to pay, once, early in the auction. For example, ................
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