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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| _version_ | 1819241297763893248 |
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| author | Ola Andersson Tommy Andersson |
| author_facet | Ola Andersson Tommy Andersson |
| author_sort | Ola Andersson |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-12-23T14:21:41Z |
| format | Article |
| id | doaj.art-d95188686ef9483e939866b80d461df6 |
| institution | Directory Open Access Journal |
| issn | 2399-844X 2399-8458 |
| language | English |
| last_indexed | 2024-12-23T14:21:41Z |
| publishDate | 2017-12-01 |
| publisher | Society for the Promotion of Mechanism and Institution Design |
| record_format | Article |
| series | Journal of Mechanism and Institution Design |
| spelling | doaj.art-d95188686ef9483e939866b80d461df62022-12-21T17:43:47ZengSociety for the Promotion of Mechanism and Institution DesignJournal of Mechanism and Institution Design2399-844X2399-84582017-12-0121395510.22574/jmid.2017.12.002jmi-v2i1a2Timing and presentation effects in sequential auctionsOla Andersson0Tommy Andersson1 Uppsala University and Research Institute of Industrial Economics, Sweden Lund University, Sweden 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. http://www.mechanism-design.org/arch/v002-1/p_02.pdf Sequential auctionspresentation ordertiming afternoon effect |
| spellingShingle | Ola Andersson Tommy Andersson Timing and presentation effects in sequential auctions Journal of Mechanism and Institution Design Sequential auctions presentation order timing afternoon effect |
| title | Timing and presentation effects in sequential auctions |
| title_full | Timing and presentation effects in sequential auctions |
| title_fullStr | Timing and presentation effects in sequential auctions |
| title_full_unstemmed | Timing and presentation effects in sequential auctions |
| title_short | Timing and presentation effects in sequential auctions |
| title_sort | timing and presentation effects in sequential auctions |
| topic | Sequential auctions presentation order timing afternoon effect |
| url |
http://www.mechanism-design.org/arch/v002-1/p_02.pdf
|
| work_keys_str_mv | AT olaandersson timingandpresentationeffectsinsequentialauctions AT tommyandersson timingandpresentationeffectsinsequentialauctions |