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Timing and presentation effects in sequential auctions

Ola Andersson and Tommy Andersson

The Journal of Mechanism and Institution Design, 2017, vol. 2, issue 1, 39-55

Abstract: 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.

Keywords: Sequential auctions; presentation order; timing afternoon effect. (search for similar items in EconPapers)
JEL-codes: D02 D44 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:jmi:articl:jmi-v7i1a2

DOI: 10.22574/jmid.2017.12.002

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