IDEAS home Printed from https://ideas.repec.org/p/zbw/tuedps/231.html
   My bibliography  Save this paper

Fallende Preise in sequentiellen Auktionen: Das Beispiel des Gebrauchtwagenhandels

Author

Listed:
  • Gampfer, Ralf

Abstract

Ein grundlegendes Ergebnis der Auktionstheorie besagt, dass der Preisverlauf einer sequentiellen Auktion unter üblichen IPV-Annahmen konstant ist und unter Zugrundelegung affiliierter Bewertungen sogar ansteigt. Empirische Arbeiten beobachteten jedoch in der Praxis auf unterschiedlichsten Märkten tendenziell fallende Preise. Diese Dissonanz zwischen Theorie und Empirie, die in die Literatur als das "Phänomen fallender Preise" einging, wurde in den Folgejahren von einer ganzen Reihe theoretischer Arbeiten zu erklären versucht. Der vorliegende Beitrag untersucht das "Phänomen fallender Preise" zum ersten Mal im Zusammenhang mit Automobilauktionen. Dabei zeigt sich, dass auch hier eine Tendenz zu fallenden Preisen besteht, die sich jedoch nicht im Gesamtmarkt, sondern nur in Gruppen "sehr ähnlicher" Fahrzeuge zeigt. Als Erklärungsansatz für dieses Ergebnis wird im Rahmen eines eigenen theoretischen Modells das Vorhandensein von Synergieeffekten vorgeschlagen.

Suggested Citation

  • Gampfer, Ralf, 2002. "Fallende Preise in sequentiellen Auktionen: Das Beispiel des Gebrauchtwagenhandels," Tübinger Diskussionsbeiträge 231, University of Tübingen, School of Business and Economics.
    • Handle: RePEc:zbw:tuedps:231
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/47591/1/575620463.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hager, Svenja & Schöbel, Rainer, 2006. "Deriving the dependence structure of portfolio credit derivatives using evolutionary algorithms," Tübinger Diskussionsbeiträge 300, University of Tübingen, School of Business and Economics.
    2. Rostek, Stefan & Schöbel, Rainer, 2006. "Risk preference based option pricing in a fractional Brownian market," Tübinger Diskussionsbeiträge 299, University of Tübingen, School of Business and Economics.
    3. Pitterle, Ingo A. & Steffen, Dirk, 2004. "Welfare effects of fiscal policy under alternative exchange rate regimes: the role of the scale variable of money demand," MPRA Paper 13047, University Library of Munich, Germany, revised Oct 2004.
    4. Koepke, Nikola & Baten, Joerg, 2005. "The biological standard of living in Europe during the last two millennia," European Review of Economic History, Cambridge University Press, vol. 9(1), pages 61-95, April.
    5. Stadler, Manfred, 2003. "Innovation and growth: The role of labor-force qualification," Tübinger Diskussionsbeiträge 255, University of Tübingen, School of Business and Economics.
    6. Baten, Jörg & Wallusch, Jacek, 2003. "Market integration and disintegration of Poland and Gemany [Germany] in the 18th century," Tübinger Diskussionsbeiträge 268, University of Tübingen, School of Business and Economics.

    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

    Statistics

    Access and download statistics

    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:zbw:tuedps:231. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/wftuede.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.