An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions

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Abstract

Abstract in Undetermined
This paper investigates hypotheses related to efficiency and price uniformity in online competing auctions based on two theoretical predictions from Peters and Severinov [Peters, M., Severinov, S., 2006. Internet auctions with many traders. Journal of Economic Theory 130, 220–245]. The investigation is conducted using a large and ideal data set for online competing train ticket auctions, and the findings support the theoretical predictions in large parts.

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Research areas and keywords

Subject classification (UKÄ) – MANDATORY

  • Economics

Keywords

  • Price uniformity, Efficiency, Cross-bidding, Competing auctions
Original languageEnglish
Pages (from-to)99-101
JournalEconomics Letters
Volume116
Issue number1
Publication statusPublished - 2012
Publication categoryResearch
Peer-reviewedYes