Sequential Auctions with Endogenously Determined Reserve Prices
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- 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.
- Varian, Hal R, 1980. "A Model of Sales," American Economic Review, American Economic Association, vol. 70(4), pages 651-659, September.
- Bernhardt, Dan & Scoones, David, 1994.
"A Note on Sequential Auctions,"
American Economic Review, American Economic Association, vol. 84(3), pages 653-657, June.
- Bernhardt, Dan & Scoones, David, 1993. "A Note on Sequential Auctions," Working Papers 829, California Institute of Technology, Division of the Humanities and Social Sciences.
- Philippe Jehiel & Benny Moldovanu, 2000.
"Auctions with Downstream Interaction Among Buyers,"
RAND Journal of Economics, The RAND Corporation, vol. 31(4), pages 768-791, Winter.
- Jehiel, Phillipe & Moldovanu, Benny, 1997. "Auctions with Downstream Interaction among Buyers," Sonderforschungsbereich 504 Publications 97-06, Sonderforschungsbereich 504, Universität Mannheim;Sonderforschungsbereich 504, University of Mannheim.
- Ashenfelter, Orley, 1989. "How Auctions Work for Wine and Art," Journal of Economic Perspectives, American Economic Association, vol. 3(3), pages 23-36, Summer.
- Paul Klemperer, 2002.
"What Really Matters in Auction Design,"
Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 169-189, Winter.
- Professor Paul Klemperer, 2000. "What Really Matters in Auction Design," Microeconomics 0004008, University Library of Munich, Germany.
- Klemperer, Paul, 2000. "What Really Matters in Auction Design," CEPR Discussion Papers 2581, C.E.P.R. Discussion Papers.
- McAfee, R. Preston & Vincent, Daniel, 1997.
"Sequentially Optimal Auctions,"
Games and Economic Behavior, Elsevier, vol. 18(2), pages 246-276, February.
- R. Preston McAfee & Daniel Vincent, 1994. "Sequentially Optimal Auctions," Discussion Papers 1104, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- von der Fehr, Nils-Henrik Morch, 1994. "Predatory Bidding in Sequential Auctions," Oxford Economic Papers, Oxford University Press, vol. 46(3), pages 345-356, July.
- Cristina Mazón & Soledad Núñez, 1999. "On the Optimality of Treasury Bond Auctions: The Spanish Case," Working Papers 9905, Banco de España.
- Neil Gandal, 1997. "Sequential Auctions of Interdependent Objects: Israeli Cable Television Licenses," Journal of Industrial Economics, Wiley Blackwell, vol. 45(3), pages 227-244, September.
- repec:bla:jindec:v:45:y:1997:i:3:p:227-44 is not listed on IDEAS
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Hikmet Gunay & Xin Meng, 2007. "Predatory Bidding in Sequential Auctions," Economics Bulletin, AccessEcon, vol. 4(12), pages 1-5.
- Yan, Haomin, 2020. "Auctions with quantity externalities and endogenous supply," International Journal of Industrial Organization, Elsevier, vol. 71(C).
- repec:ebl:ecbull:v:4:y:2007:i:12:p:1-5 is not listed on IDEAS
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.
- Sanna Laksa & Daniel Marszalec, 2020. "Morning-Fresh: Declining Prices and the Right-to-Choose in a Faroese Fish Market," CIRJE F-Series CIRJE-F-1141, CIRJE, Faculty of Economics, University of Tokyo.
- Dejan Trifunovic, 2014. "Sequential Auctions And Price Anomalies," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 59(200), pages 7-42, January –.
- Emmanuel LORENZON, 2020.
"Uninformed Bidding in Sequential Auctions,"
Bordeaux Economics Working Papers
2020-20, Bordeaux School of Economics (BSE).
- Emmanuel Lorenzon, 2023. "Uninformed Bidding in Sequential Auctions," Post-Print hal-03558786, HAL.
- Neugebauer, Tibor & Pezanis-Christou, Paul, 2007.
"Bidding behavior at sequential first-price auctions with(out) supply uncertainty: A laboratory analysis,"
Journal of Economic Behavior & Organization, Elsevier, vol. 63(1), pages 55-72, May.
- Tibor Neugebauer & Paul Pezanis-Christou, 2004. "Bidding Behavior at Sequential First-Price Auctions With(out) Supply Uncertainty : A Laboratory Analysis," Post-Print hal-00279237, HAL.
- Mezzetti, Claudio, 2008.
"Aversion to Price Risk and the Afternoon Effect,"
The Warwick Economics Research Paper Series (TWERPS)
857, University of Warwick, Department of Economics.
- Mezzetti, Claudio, 2008. "Aversion to Price Risk and the Afternoon Effect," Economic Research Papers 269855, University of Warwick - Department of Economics.
- 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.
- Ginsburgh, V. & van Ours, J.C., 2003. "How to Organize Sequential Auctions : Results of a Natural Experiment by Christie's," Other publications TiSEM 01ec6d80-7501-441c-a60b-c, Tilburg University, School of Economics and Management.
- Victor Ginsburgh & Jan van Ours, 2007. "How to organize a sequential auction: results of a natural experiment by Christie's," ULB Institutional Repository 2013/5255, ULB -- Universite Libre de Bruxelles.
- Rosato, Antonio, 2014. "Loss Aversion in Sequential Auctions: Endogenous Interdependence, Informational Externalities and the "Afternoon Effect"," MPRA Paper 56824, University Library of Munich, Germany.
- Rosato, Antonio, 2023. "Loss aversion in sequential auctions," Theoretical Economics, Econometric Society, vol. 18(2), May.
- 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.
- Caillaud, Bernard & Mezzetti, Claudio, 2004. "Equilibrium reserve prices in sequential ascending auctions," Journal of Economic Theory, Elsevier, vol. 117(1), pages 78-95, July.
- Menezes, Flavio Marques & Engelbrecht-Wiggans, Richard, 2001.
"Why do Bidders Drop Out from a Sequential Auction,"
Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 55(1), January.
- Menezes, Flavio Marques & Engelbrecht-Wiggans, Richard, 2000. "Why do bidders drop out from a sequential auction," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 364, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- Kannan, Karthik N., 2010. "Declining prices in sequential auctions with complete revelation of bids," Economics Letters, Elsevier, vol. 108(1), pages 49-51, July.
- Ola Andersson & Tommy Andersson, 2017. "Timing and presentation effects in sequential auctions," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 2(1), pages 39-55, December.
- 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.
- Javier D. Donna & José†Antonio EspÃn†Sánchez, 2018.
"Complements and substitutes in sequential auctions: the case of water auctions,"
RAND Journal of Economics, RAND Corporation, vol. 49(1), pages 87-127, March.
- Donna, Javier & Espin-Sanchez, Jose, 2014. "Complements and Substitutes in Sequential Auctions: The Case of Water Auctions," MPRA Paper 55079, University Library of Munich, Germany.
- Donna, Javier & Espin-Sanchez, Jose, 2018. "Complements and Substitutes in Sequential Auctions: The Case of Water Auctions," MPRA Paper 90052, University Library of Munich, Germany.
- Peter Csoka & P. Jean-Jacques Herings, 2022. "Centralized clearing mechanisms: A programming approach," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 7(1), pages 45-69, December.
- Walter Beckert, 2004. "Dynamic Monopolies with Stochastic Demand," Birkbeck Working Papers in Economics and Finance 0404, Birkbeck, Department of Economics, Mathematics & Statistics.
- 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.
- Menezes, F. & Monteiro, P.K., 1999. "Synergies and Price Trends in Sequential Auctions," Papers 366, Australian National University - Department of Economics.
- Paulo Klinger Monteiro & Flavio Menezes, 1999. "Synergies and Price Trends in Sequential Auctions," Microeconomics 9901002, University Library of Munich, Germany, revised 03 Feb 1999.
- Menezes, Flavio Marques & Monteiro, P. K., 1999. "Synergies and price trends in sequential auctions," FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) 360, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil).
- 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.
- Jones, C. & Menezes, F. & Vella, F., 1996. "Auctions Price Anomalies: Evidence from Wool Auctions in Australia," Papers 303, Australian National University - Department of Economics.
More about this item
Keywords
Auctions; Sequential First-Price Auctions; Endogenous Reserve Prices;All these keywords.
JEL classification:
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- L10 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - General
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CWA-2004-04-11 (Central and Western Asia)
Statistics
Access and download statisticsCorrections
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:boc:bocoec:592. 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: Christopher F Baum (email available below). General contact details of provider: https://edirc.repec.org/data/debocus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.