Auction Theory and Practice Evidence from the Market for Jewellery

Olivier CHANEL and Gerard-Varet, L.A.

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: We consider data on jewellery sold in English public auctions between June 1993 and May 1994 at Credit Municipal de Paris. We present the underlying model of this market derived from a "hedonic price equation".

Keywords: AUCTIONS; TESTS; MODELS; PRICES (search for similar items in EconPapers)
JEL-codes: C52 D44 Z10 (search for similar items in EconPapers)
Date: 1996
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