Efficiency and Price in Simultaneous vs. Overlapping Competing Auctions
(2011) NEKM01 20111Department of Economics
- Abstract
- This essay investigates differences between simultaneous and overlapping competing online auctions with respect to efficiency and price. Recent theoretical findings suggest that overlapping auctions are more efficient and result in a higher average price than simultaneous auctions. These predictions are tested using a data set consisting of 23 935 train ticket auctions submitted by Swedish train operator Statens Järnvägar to the eBay owned auction site Tradera. The results show that for price the data exhibit all expected characteristics and the prediction can thus be confirmed. For efficiency however, the prediction cannot be confirmed, on the contrary simultaneous auctions are found to be significantly more efficient than overlapping... (More)
- This essay investigates differences between simultaneous and overlapping competing online auctions with respect to efficiency and price. Recent theoretical findings suggest that overlapping auctions are more efficient and result in a higher average price than simultaneous auctions. These predictions are tested using a data set consisting of 23 935 train ticket auctions submitted by Swedish train operator Statens Järnvägar to the eBay owned auction site Tradera. The results show that for price the data exhibit all expected characteristics and the prediction can thus be confirmed. For efficiency however, the prediction cannot be confirmed, on the contrary simultaneous auctions are found to be significantly more efficient than overlapping auctions. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/1940201
- author
- Siverbo, Henrik LU
- supervisor
- organization
- course
- NEKM01 20111
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Auction theory, competing online auctions, overlapping auctions, simultaneous auctions, cross-bidding
- language
- English
- id
- 1940201
- date added to LUP
- 2011-05-06 09:36:57
- date last changed
- 2011-05-06 09:36:57
@misc{1940201, abstract = {{This essay investigates differences between simultaneous and overlapping competing online auctions with respect to efficiency and price. Recent theoretical findings suggest that overlapping auctions are more efficient and result in a higher average price than simultaneous auctions. These predictions are tested using a data set consisting of 23 935 train ticket auctions submitted by Swedish train operator Statens Järnvägar to the eBay owned auction site Tradera. The results show that for price the data exhibit all expected characteristics and the prediction can thus be confirmed. For efficiency however, the prediction cannot be confirmed, on the contrary simultaneous auctions are found to be significantly more efficient than overlapping auctions.}}, author = {{Siverbo, Henrik}}, language = {{eng}}, note = {{Student Paper}}, title = {{Efficiency and Price in Simultaneous vs. Overlapping Competing Auctions}}, year = {{2011}}, }