Economic Insights from Internet Auctions
综述互联网拍卖研究，涵盖最后秒出价行为、赢家诅咒导致的信息不对称扭曲、声誉机制的作用及拍卖设计启示，适合对拍卖经济学或电子商务感兴趣的学者快速了解该领域。
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 frequently observed sniping, or last-second bidding behavior, in these auctions. Second, we summarize several methods proposed to quantify the distortions caused by asymmetric information in these markets, most notably due to the winner's curse. Third, we explore research about the role of reputation mechanisms installed to help combat these distortions. Finally, we discuss what internet auctions have to teach us about auction design.