Arbeitspapier
Decomposing the Afternoon Effect: An Empirical Investigation of Sequential Train Ticket Auctions
The afternoon effect, i.e., that prices in a sequence of auctions with identical items are decreasing with the order in which the auctions are terminated, is a frequently observed phenomenon in empirical auction studies. Using an unsurpassed amount of data from sequential online train ticket auctions, we investigate two hitherto unexplored dimensions inherent in sequential auctions, namely, the timing of auction ends and the presentation order of the auctions in a sequence. We find that both these dimensions are important for price formation in sequential auctions, but even when controlling for them, a sizable afternoon effect remains.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2015:28
- Klassifikation
-
Wirtschaft
Institutions: Design, Formation, Operations, and Impact
Auctions
- Thema
-
sequential auctions
afternoon effect
presentation order
timing
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Andersson, Ola
Andersson, Tommy
- Ereignis
-
Veröffentlichung
- (wer)
-
Lund University, School of Economics and Management, Department of Economics
- (wo)
-
Lund
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Andersson, Ola
- Andersson, Tommy
- Lund University, School of Economics and Management, Department of Economics
Entstanden
- 2015
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