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Sequential asymmetric auctions with endogenous participation

Author

Listed:
  • Flavio Menezes
  • Paulo Monteiro

Abstract

We study sequential auctions of stochastically identical objects and endogenous participation.
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Suggested Citation

  • Flavio Menezes & Paulo Monteiro, 1997. "Sequential asymmetric auctions with endogenous participation," Theory and Decision, Springer, vol. 43(2), pages 187-202, September.
    • Handle: RePEc:kap:theord:v:43:y:1997:i:2:p:187-202
    DOI: 10.1023/A:1004970725802
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    References listed on IDEAS

    as
    1. Ashenfelter, Orley & Genesove, David, 1992. "Testing for Price Anomalies in Real-Estate Auctions," American Economic Review, American Economic Association, vol. 82(2), pages 501-505, May.
    2. Engelbrecht-Wiggans, R. & Menezes, F., 1993. "Sequential Auction with Continuation Costs," Papers 255, Australian National University - Department of Economics.
    3. Menezes, Flavio M., 1993. "Sequential auctions with delay costs : A two-period model," Economics Letters, Elsevier, vol. 42(2-3), pages 173-178.
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    Citations

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    Cited by:

    1. Gerard J. van den Berg & Jan C. van Ours & Menno P. Pradhan, 2001. "The Declining Price Anomaly in Dutch Dutch Rose Auctions," American Economic Review, American Economic Association, vol. 91(4), pages 1055-1062, September.
    2. Flavio Menezes & Paulo Monteiro, 2003. "Synergies and price trends in sequential auctions," Review of Economic Design, Springer;Society for Economic Design, vol. 8(1), pages 85-98, August.
    3. Menezes, Flavio M & Monteiro, Paulo Klinger, 1998. "Simultaneous Pooled Auctions," The Journal of Real Estate Finance and Economics, Springer, vol. 17(3), pages 219-232, November.
    4. Olivier Chanel & Stéphanie Vincent, 1998. "La décroissance des prix au cours d'enchères séquentielles : sources et mesures," Économie et Prévision, Programme National Persée, vol. 132(1), pages 139-157.
    5. Ghosh, Gagan & Liu, Heng, 2021. "Sequential auctions with ambiguity," Journal of Economic Theory, Elsevier, vol. 197(C).
    6. Yunhan Li & J. Scott Shonkwiler, 2021. "Assessing the Role of Ordering in Sequential English Auctions – Evidence from the Online Western Video Market Auction," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 90-105, January.
    7. Ginsburgh, V. & van Ours, J.C., 2003. "How to Organize Sequential Auctions : Results of a Natural Experiment by Christie's," Discussion Paper 2003-25, Tilburg University, Center for Economic Research.
    8. Tu, Zhiyong, 2010. "A Resale Explanation for the Declining Price Anomaly in Sequential Auctions," Review of Applied Economics, Lincoln University, Department of Financial and Business Systems, vol. 6(1-2), pages 1-15, April.
    9. Zulehner, Christine, 2009. "Bidding behavior in sequential cattle auctions," International Journal of Industrial Organization, Elsevier, vol. 27(1), pages 33-42, January.
    10. Jeongwoo Lee & Jaeok Park, 2019. "Preemptive Entry in Sequential Auctions with Participation Cost," Working papers 2019rwp-141, Yonsei University, Yonsei Economics Research Institute.
    11. Christine Zulehner, 2007. "Bidding behavior in sequential cattle auctions," Vienna Economics Papers vie0705, University of Vienna, Department of Economics.
    12. Chris Jones & Flavio Menezes & Francis Vella, 2004. "Auction Price Anomalies: Evidence from Wool Auctions in Australia," The Economic Record, The Economic Society of Australia, vol. 80(250), pages 271-288, September.

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    More about this item

    Keywords

    Sequential auctions; participation costs; endogeneous participation; price decline anomaly;
    All these keywords.

    JEL classification:

    • D1 - Microeconomics - - Household Behavior
    • D2 - Microeconomics - - Production and Organizations
    • D3 - Microeconomics - - Distribution
    • D4 - Microeconomics - - Market Structure, Pricing, and Design

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