The article "Economic Insights from Internet Auctions: A Survey" looks at recent studies on online auctions. Researchers found that people strategically bid at the last second in these auctions, known as sniping. They also discovered that there can be distortions in these auctions due to one party having more information than the other, leading to the winner's curse. Reputation plays a significant role in online auctions, and researchers have learned valuable lessons about auction design from studying internet auctions.