Tommy Andersson
Professor
Timing and presentation effects in sequential auctions
Author
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.
Department/s
- Department of Economics
Publishing year
2017-12
Language
English
Pages
39-55
Publication/Series
Journal of Mechanism and Institution Design
Volume
2
Issue
1
Links
Document type
Journal article
Topic
- Economics
Keywords
- sequential auctions
- presentation order
- timing afternoon effect
- D02
- D44
Status
Published
ISBN/ISSN/Other
- ISSN: 2399-844X