This paper surveys recent studies of internet auctions. Four main areas of research are
summarized. First, we survey several studies that document and attempt to explain the …

In second price Internet auctions with a fixed end time, such as those on eBay, many bidders
submit their bids in the closing minutes or seconds of an auction. We propose an internet …

A great deal of late bidding has been observed on eBay, which employs a second price
auction with a fixed deadline. Much less late bidding has been observed on Amazon, which …

The wide adoption of dynamic second-price auctions as the format of choice for Internet-
based (online) transactions has created an interest in understanding how individuals …

Internet auction companies have developed innovative tools that enable sellers to reveal
more information about their credibility and product quality to avoid the “lemons” problem …

We compare the most common methods for selling a company or other asset when
participation is costly: a simple simultaneous auction, and a sequential process in which …

We investigate the impact of seller race in a field experiment involving baseball card
auctions on eBay. Photographs showed the cards held by either a dark‐skinned/African …

The economic literature on online auctions is rapidly growing because of the enormous
amount of freely available field data. Moreover, numerous innovations in auction-design …

The value of an asset is generally not known a priori, and it requires costly investments to be
discovered. In such contexts with endogenous information acquisition, which selling …

We review past research and discuss future directions on how the vibrant research areas of
market design and behavioral economics have influenced and will continue to impact the …