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http://hdl.handle.net/10419/23397
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| Titel: | | New Evidence on Price Anomalies in Sequential Auctions : Used Cars in New Jersey  |
| Autoren: | | Raviv, Yaron |
| Datum: | | 2004 |
| Reihe/Nr.: | | Working paper series / Claremont McKenna College 04,10 |
| Zusammenfassung: | | In this paper the sequence of winning bids in the public auction of used cars
in New Jersey is examined for the presence of price anomalies. Unlike many studies of
heterogeneous objects where the effect of the order of sale on the price may not be
credibly identified, the effect of the order is identified here because the items are
randomly selected for sale. In a further contrast to many other studies, these data
indicate that the prices tend to increase as the auction proceeds. The data also indicate
that once several items have been sold, there is no change in the bidding behavior or
further increase in prices. |
| Schlagwörter: | | Auction Declining Price Anomaly |
| JEL: | | C81 D44 C93 |
| Erscheint in der Sammlung: | | Claremont Colleges Working Papers in Economics
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| Datei(en):
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| Datei |
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Größe | Format |
| 2004-10.pdf | | 415,06 kB | Adobe PDF |
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