Timing and presentation effects in sequential auctions
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-tic...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for the Promotion of Mechanism and Institution Design
2017-12-01
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| Series: | Journal of Mechanism and Institution Design |
| Subjects: | |
| Online Access: |
http://www.mechanism-design.org/arch/v002-1/p_02.pdf
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| Summary: | 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. |
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| ISSN: | 2399-844X 2399-8458 |