Last-minute bidding strategy boosts profits in online auctions.
The article "Last-Minute Bidding and the Rules for Ending Second-Price Auctions" looks at how people bid in online auctions on eBay and Amazon. The researchers found that many bidders wait until the last minute to place their bids, which can affect the final price of the item. They also discovered that changing the rules for when an auction ends can impact how much people are willing to bid.