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THE IMPACT OF CHANGE IN AUCTION FORMAT ON BIDDING BEHAVIOR

Dakshina De Silva (), Anuruddha Kankanamge and Georgia Kosmopoulou
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Anuruddha Kankanamge: University of Oklahoma

Microeconomics from EconWPA

Abstract: We investigate differences in bidding behavior and participation patterns between simultaneous and multi-round auction formats held in the state of Oklahoma. Theory suggests there could be differential bidding effects arising from synergies and the release of relevant information across the two formats. We find no statistically significant difference in either the number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform format in Texas.

Keywords: Auctions; Multi-round auctions. (search for similar items in EconPapers)
JEL-codes: D44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2005-12-31
Note: Type of Document - pdf; pages: 9
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpmi:0512009

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