Timing and presentation effects in sequential auctions
Research output: Contribution to journal › Article
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.
|Research areas and keywords||
Subject classification (UKÄ) – MANDATORY
|Journal||Journal of Mechanism and Institution Design|
|Publication status||Published - 2017 Dec|