An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions
AbstractThis paper investigates empirically a number of hypotheses that are related to efficiency and price uniformity in online competing auctions for train tickets. The data set is ideal for analyzing competing auctions since each ticket is sold in a separate auction and all auctions with identical tickets starts and ends at exactly the same time. The results unambiguously demonstrate that there is a strong relationship between efficiency and price uniformity on the one hand and the number of submitted cross-bids on the other hand. These findings are in line with what theory suggests.
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Bibliographic InfoPaper provided by Lund University, Department of Economics in its series Working Papers with number 2010:14.
Length: 15 pages
Date of creation: 09 Dec 2010
Date of revision:
Publication status: Published as Andersson, Tommy, Christer Andersson and Fredrik Andersson, 'An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions' in Economics Letters, 2012, pages 99-102.
Contact details of provider:
Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund,Sweden
Phone: +46 +46 222 0000
Fax: +46 +46 2224613
Web page: http://www.nek.lu.se/en
More information through EDIRC
Competing auctions; Cross-bidding; Efficiency; Price uniformity;
Other versions of this item:
- Andersson, T. & Andersson, C. & Andersson, F., 2012. "An empirical investigation of efficiency and price uniformity in competing auctions," Economics Letters, Elsevier, vol. 116(1), pages 99-101.
- D40 - Microeconomics - - Market Structure and Pricing - - - General
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Moldovanu, Benny & Sela, Aner & Shi, Xianwen, 2008. "Competing auctions with endogenous quantities," Journal of Economic Theory, Elsevier, vol. 141(1), pages 1-27, July.
- Anwar, Sajid & McMillan, Robert & Zheng, Mingli, 2006.
"Bidding behavior in competing auctions: Evidence from eBay,"
European Economic Review,
Elsevier, vol. 50(2), pages 307-322, February.
- MINGLI ZHENG & Robert McMillan & SAJID ANWAR, 2005. "Bidding Behavior in Competing Auctions: Evidence from eBay," Microeconomics 0505001, EconWPA.
- Michael Peters & Sergei Severinov, 2001.
"Internet Auctions with Many Traders,"
peters-01-01, University of Toronto, Department of Economics.
- Peters,M. & Severinov,S., 2001. "Internet auctions with many traders," Working papers 11, Wisconsin Madison - Social Systems.
- Peters, Michael & Severinov, Sergei, 2005. "Internet Auctions with Many Traders," Microeconomics.ca working papers peters-05-03-30-03-06-03, Vancouver School of Economics, revised 23 Jan 2006.
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