Open outcry auctions with secret reserve prices: an empirical application to executive auctions of tenant owner's apartments in Sweden
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Ulrich Kamecke, 1998. "Dominance or maximin: How to solve an English auction," International Journal of Game Theory, Springer;Game Theory Society, vol. 27(3), pages 407-426.
- Lusht, Kenneth M, 1994. "Order and Price in a Sequential Auction," The Journal of Real Estate Finance and Economics, Springer, vol. 8(3), pages 259-266, May.
- McAfee, R Preston & Vincent, Daniel, 1992.
"Updating the Reserve Price in Common-Value Auctions,"
American Economic Review, American Economic Association, vol. 82(2), pages 512-518, May.
- R. Preston McAfee & Daniel Vincent, 1992. "Updating the Reserve Price in Common Value Auctions," Discussion Papers 977, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Bernard Elyakime & Jean-Jacques Laffont & Patrice Loisel & Quang Vuong, 1994.
"First-Price Sealed-Bid Auctions with Secret Reservation Prices,"
Annals of Economics and Statistics, GENES, issue 34, pages 71-114.
- Elyakime, Bernard & Laffont, Jean-Jacques & Loisel, Patrice & Vuong, Quang, 1993. "First-Price Sealed-Bid Auctions with Secret Reservation Prices," IDEI Working Papers 27, Institut d'Économie Industrielle (IDEI), Toulouse.
- Vuong, Quang H, 1989. "Likelihood Ratio Tests for Model Selection and Non-nested Hypotheses," Econometrica, Econometric Society, vol. 57(2), pages 307-333, March.
- Vanderporten, Bruce, 1992. "Timing of Bids at Pooled Real Estate Auctions," The Journal of Real Estate Finance and Economics, Springer, vol. 5(3), pages 255-267, September.
- Adams, Paul D & Kluger, Brian D & Wyatt, Steve B, 1992. "Integrating Auction and Search Markets: The Slow Dutch Auction," The Journal of Real Estate Finance and Economics, Springer, vol. 5(3), pages 239-253, September.
- Riley, John G & Samuelson, William F, 1981.
"Optimal Auctions,"
American Economic Review, American Economic Association, vol. 71(3), pages 381-392, June.
- John G. Riley & William Samuelson, 1979. "Optimal Auctions," UCLA Economics Working Papers 152, UCLA Department of Economics.
- Laffont, Jean-Jacques, 1997.
"Game theory and empirical economics: The case of auction data 1,"
European Economic Review, Elsevier, vol. 41(1), pages 1-35, January.
- Laffont, J.J., 1996. "Game Theory and Empirical Economics: The Case of Auction Data," Papers 95.394, Toulouse - GREMAQ.
- Kenneth Hendricks & Harry J. Paarsch, 1995.
"A Survey of Recent Empirical Work Concerning Auctions,"
Canadian Journal of Economics, Canadian Economics Association, vol. 28(2), pages 403-426, May.
- Hendricks, K. & Paarsch, H.J., 1993. "A Survey of Recent Empirical Work Concerning Auctions," University of Western Ontario, Departmental Research Report Series 9309, University of Western Ontario, Department of Economics.
- Horstmann, Ignatius J & LaCasse, Chantale, 1997.
"Secret Reserve Prices in a Bidding Model with a Resale Option,"
American Economic Review, American Economic Association, vol. 87(4), pages 663-684, September.
- Horstmann, I.J. & LaCasse, C., 1995. "Secret Reserve Prices in a Bidding Model with a Re-Sale Option," Working Papers 9507e, University of Ottawa, Department of Economics.
- Maskin, Eric S & Riley, John G, 1984.
"Optimal Auctions with Risk Averse Buyers,"
Econometrica, Econometric Society, vol. 52(6), pages 1473-1518, November.
- J. Riley & E. Maskin, 1981. "Optimal Auctions with Risk Averse Buyers," Working papers 311, Massachusetts Institute of Technology (MIT), Department of Economics.
- White, Halbert, 1982. "Maximum Likelihood Estimation of Misspecified Models," Econometrica, Econometric Society, vol. 50(1), pages 1-25, January.
- Vincent Daniel R., 1995. "Bidding Off the Wall: Why Reserve Prices May Be Kept Secret," Journal of Economic Theory, Elsevier, vol. 65(2), pages 575-584, April.
- repec:adr:anecst:y:1994:i:34:p:04 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dries R. Goossens & Sander Onderstal & Jan Pijnacker & Frits C. R. Spieksma, 2014. "Solids: A Combinatorial Auction for Real Estate," Interfaces, INFORMS, vol. 44(4), pages 351-363, August.
- De Silva, Dakshina G. & Dunne, Timothy & Kankanamge, Anuruddha & Kosmopoulou, Georgia, 2008.
"The impact of public information on bidding in highway procurement auctions,"
European Economic Review, Elsevier, vol. 52(1), pages 150-181, January.
- Dakshina De Silva & Timothy Dunne & Anuruddha Kankanamge & Georgia Kosmopoulou, 2005. "The Impact of Public Information on Bidding in Highway Procurement Auctions," Microeconomics 0511011, University Library of Munich, Germany.
- Bradley J Larsen, 2021.
"The Efficiency of Real-World Bargaining: Evidence from Wholesale Used-Auto Auctions,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(2), pages 851-882.
- Bradley Larsen, 2014. "The Efficiency of Real-World Bargaining: Evidence from Wholesale Used-Auto Auctions," NBER Working Papers 20431, National Bureau of Economic Research, Inc.
- Brisset, Karine & Cochard, François & Le Gallo, Julie, 2015.
"Secret versus public reserve price in an “outcry” English procurement auction: Experimental results,"
International Journal of Production Economics, Elsevier, vol. 169(C), pages 285-298.
- Julie Le Gallo & Karine Brisset & Francois Cochard, 2015. "Secret versus public reserve price in an “outcry” English procurement auction: Experimental results," Post-Print hal-03282276, HAL.
- Foster, Joshua, 2022. "Semi-nonparametric estimation of secret reserve prices in auctions," Economics Letters, Elsevier, vol. 220(C).
- Pasha Andreyanov & El Hadi Caoui, 2022. "Secret reserve prices by uninformed sellers," Quantitative Economics, Econometric Society, vol. 13(3), pages 1203-1256, July.
- Zulehner, Christine, 2009. "Bidding behavior in sequential cattle auctions," International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 33-42, January.
- Simon Stevenson & James Young, 2015. "The Role of Undisclosed Reserves in English Open Outcry Auctions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(2), pages 375-402, June.
- Zulehner, Christine, 2009.
"Bidding behavior in sequential cattle auctions,"
International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 33-42, January.
- Christine Zulehner, 2007. "Bidding behavior in sequential cattle auctions," Vienna Economics Papers 0705, University of Vienna, Department of Economics.
- Rosane Hungria-Gunnelin, 2013. "Impact of Number of Bidders on Sale Price of Auctioned Condominium Apartments in Stockholm," International Real Estate Review, Global Social Science Institute, vol. 16(3), pages 274-295.
- Christine Zulehner, 2007. "Bidding behavior in sequential cattle auctions," Vienna Economics Papers vie0705, University of Vienna, Department of Economics.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gerard Marty & Raphaele Preget, 2007.
"A Socio-economic Analysis of French Public Timber Sales,"
Working Papers - Cahiers du LEF
2007-03, Laboratoire d'Economie Forestiere, AgroParisTech-INRA.
- Gérard Marty & Raphaële Préget, 2010. "A Socio-Economic Analysis of French Public Timber Sales," Post-Print hal-03930421, HAL.
- Simon Stevenson & James Young, 2015. "The Role of Undisclosed Reserves in English Open Outcry Auctions," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 43(2), pages 375-402, June.
- Philip A. Haile & Elie Tamer, 2003.
"Inference with an Incomplete Model of English Auctions,"
Journal of Political Economy, University of Chicago Press, vol. 111(1), pages 1-51, February.
- Philip Haile, 2000. "Inference with an Incomplete Model of English Auctions," Econometric Society World Congress 2000 Contributed Papers 1546, Econometric Society.
- Haile,P.A. & Tamer,E.T., 2000. "Inference with an incomplete model of English auctions," Working papers 18, Wisconsin Madison - Social Systems.
- Orley Ashenfelter & Kathryn Graddy, 2002.
"Art Auctions: A Survey of Empirical Studies,"
Working Papers
121, Princeton University, Department of Economics, Center for Economic Policy Studies..
- Ashenfelter, Orley C & Graddy, Kathryn, 2002. "Art Auctions: A Survey of Empirical Studies," CEPR Discussion Papers 3387, C.E.P.R. Discussion Papers.
- Orley Ashenfelter & Kathryn Graddy, 2002. "Art Auctions: A Survey of Empirical Studies," NBER Working Papers 8997, National Bureau of Economic Research, Inc.
- Elyakime, Bernhard & Loisel, Patrice, 2005. "An optimal standing timber auction?," Journal of Forest Economics, Elsevier, vol. 11(2), pages 107-120, September.
- Orley Ashenfelter & Kathryn Graddy, 2003.
"Auctions and the Price of Art,"
Journal of Economic Literature, American Economic Association, vol. 41(3), pages 763-787, September.
- Kathryn Graddy & Orley Ashenfelter & Princeton University and NBER, 2002. "Auctions and the Price of Art," Economics Series Working Papers 131, University of Oxford, Department of Economics.
- Syngjoo Choi & Lars Nesheim & Imran Rasul, 2016. "Reserve Price Effects In Auctions: Estimates From Multiple Regression-Discontinuity Designs," Economic Inquiry, Western Economic Association International, vol. 54(1), pages 294-314, January.
- Brisset, Karine & Cochard, François & Le Gallo, Julie, 2015.
"Secret versus public reserve price in an “outcry” English procurement auction: Experimental results,"
International Journal of Production Economics, Elsevier, vol. 169(C), pages 285-298.
- Julie Le Gallo & Karine Brisset & Francois Cochard, 2015. "Secret versus public reserve price in an “outcry” English procurement auction: Experimental results," Post-Print hal-03282276, HAL.
- Paarsch, Harry J., 1997. "Deriving an estimate of the optimal reserve price: An application to British Columbian timber sales," Journal of Econometrics, Elsevier, vol. 78(2), pages 333-357, June.
- Laurent Lamy, 2013.
"“Upping the ante”: how to design efficient auctions with entry?,"
RAND Journal of Economics, RAND Corporation, vol. 44(2), pages 194-214, June.
- Laurent Lamy, 2010. ""Upping the ante": How to design efficient auctions with entry?," Working Papers halshs-00564888, HAL.
- Laurent Lamy, 2013. ""Upping the ante": how to design efficient auctions with entry?," Post-Print halshs-00840844, HAL.
- Laurent Lamy, 2010. ""Upping the ante": How to design efficient auctions with entry?," PSE Working Papers halshs-00564888, HAL.
- Laurent Lamy, 2013. ""Upping the ante": how to design efficient auctions with entry?," PSE-Ecole d'économie de Paris (Postprint) halshs-00840844, HAL.
- Li, Tong, 2009.
"Simulation based selection of competing structural econometric models,"
Journal of Econometrics, Elsevier, vol. 148(2), pages 114-123, February.
- Tong Li, 2006. "Simulation based selection of competing structural econometric models," CeMMAP working papers CWP16/06, Centre for Microdata Methods and Practice, Institute for Fiscal Studies.
- Hickman Brent R. & Hubbard Timothy P. & Sağlam Yiğit, 2012.
"Structural Econometric Methods in Auctions: A Guide to the Literature,"
Journal of Econometric Methods, De Gruyter, vol. 1(1), pages 67-106, August.
- SaÄŸlam, YiÄŸit, 2012. "Structural Econometric Methods in Auctions: A Guide to the Literature," Working Paper Series 4115, Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation.
- Laffont, Jean-Jacques, 1997.
"Game theory and empirical economics: The case of auction data 1,"
European Economic Review, Elsevier, vol. 41(1), pages 1-35, January.
- Laffont, J.J., 1996. "Game Theory and Empirical Economics: The Case of Auction Data," Papers 95.394, Toulouse - GREMAQ.
- Boeheim, Rene & Zulehner, Christine, 1996. "Auctions - A Survey," Economics Series 39, Institute for Advanced Studies.
- Nathalie Gimenes, 2014. "Econometrics of Ascending Auctions by Quantile Regression," Working Papers, Department of Economics 2014_25, University of São Paulo (FEA-USP).
- Onur A. Koska & Frank Stähler, 2017. "When should bidders learn reserve prices?," ERC Working Papers 1712, ERC - Economic Research Center, Middle East Technical University, revised Oct 2017.
- Christopher Boyer & B. Brorsen, 2014. "Implications of a Reserve Price in an Agent-Based Common-Value Auction," Computational Economics, Springer;Society for Computational Economics, vol. 43(1), pages 33-51, January.
- Harry J. Paarsch & Jacques Robert, 2003. "Testing Equilibrium Behaviour At First-Price, Sealed-Bid Auctions With Discrete Bid Increments," CIRANO Working Papers 2003s-32, CIRANO.
- Stephanie Rosenkranz & Patrick W. Schmitz, 2007.
"Reserve Prices in Auctions as Reference Points,"
Economic Journal, Royal Economic Society, vol. 117(520), pages 637-653, April.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2004. "Reserve Prices in Auctions as Reference Points," CEPR Discussion Papers 4264, C.E.P.R. Discussion Papers.
- Rosenkranz, Stephanie & Schmitz, Patrick W., 2005. "Reserve prices in auctions as reference points," Bonn Econ Discussion Papers 24/2005, University of Bonn, Bonn Graduate School of Economics (BGSE).
- S. Rosenkranz & P. Schmitz, 2005. "Reserve prices in auctions as reference points," Working Papers 05-14, Utrecht School of Economics.
- Axel Ockenfels & David Reiley & Abdolkarim Sadrieh, 2006. "Online Auctions," NBER Working Papers 12785, National Bureau of Economic Research, Inc.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:econom:v:114:y:2003:i:2:p:243-260. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jeconom .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.