When you sell something of value using eBay auctions and want to protect your investment—that is, you want to avoid selling it for too low of a price—you have basically two choices: you can either use ...

Roth, Alvin E., and Axel Ockenfels. "Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet." American Economic Review 92, no. 4 ...