Online Auctions: What Attracts Bidders and Drives Price Increases?
The article explores what attracts people to online auctions and how their bids affect prices. The researchers analyzed data to understand the factors that influence bidders and their bidding behavior. They found that factors like the number of bids and the time left in the auction can impact how much bidders are willing to pay. Additionally, they discovered that bidders who place higher bids tend to have a greater impact on the final price of an item.