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Timing and presentation effects in sequential auctions

Andersson, Tommy LU and Andersson, Ola LU (2017) In Journal of Mechanism and Institution Design 2(1). p.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.
Please use this url to cite or link to this publication:
author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
sequential auctions, presentation order, timing afternoon effect, D02, D44
in
Journal of Mechanism and Institution Design
volume
2
issue
1
pages
39 - 55
ISSN
2399-844X
language
English
LU publication?
yes
id
70bc6d2b-0273-4b98-b0f6-84e3553f1f3f
alternative location
http://www.mechanism-design.org/arch/v002-1/p_02.pdf
date added to LUP
2017-08-17 10:35:10
date last changed
2019-01-14 07:39:34
@article{70bc6d2b-0273-4b98-b0f6-84e3553f1f3f,
  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.}},
  author       = {{Andersson, Tommy and Andersson, Ola}},
  issn         = {{2399-844X}},
  keywords     = {{sequential auctions; presentation order; timing afternoon effect; D02; D44}},
  language     = {{eng}},
  number       = {{1}},
  pages        = {{39--55}},
  series       = {{Journal of Mechanism and Institution Design}},
  title        = {{Timing and presentation effects in sequential auctions}},
  url          = {{http://www.mechanism-design.org/arch/v002-1/p_02.pdf}},
  volume       = {{2}},
  year         = {{2017}},
}