Tommy Andersson
Professor
Timing and presentation effects in sequential auctions
Författare
Summary, in English
This paper investigates two hitherto unexplored dimensions inherent in online sequential auctions, namely, how the time elapsed between the end of an auction and the end of the next one and the order of presentation on the website affect prices. Using a state-of-the-art-dataset on train-ticket auctions with a particular institutional design feature that enables a causal interpretation of these dimensions, it is demonstrated that both dimensions have a significant impact on price formation in sequential auctions.
Avdelning/ar
- Nationalekonomiska institutionen
Publiceringsår
2017-12
Språk
Engelska
Sidor
39-55
Publikation/Tidskrift/Serie
Journal of Mechanism and Institution Design
Volym
2
Issue
1
Länkar
Dokumenttyp
Artikel i tidskrift
Ämne
- Economics
Nyckelord
- sequential auctions
- presentation order
- timing afternoon effect
- D02
- D44
Status
Published
ISBN/ISSN/Övrigt
- ISSN: 2399-844X