Sequential Auctions of Israeli Cable Television Licenses: The Morning Effect
Abstract(In Israel, area cable television (CATV) licenses were auctioned sequentially. This paper empirically finds a ``morning" effect, that is, greater competition in later rounds of the auction. While three factors (interdependencies among neighboring licenses, interdependencies among all licenses, and cautious bidding in early rounds) likely contributed to the ``morning" effect, the evidence suggests that interdependencies among neighboring licenses were the primary cause.)
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Bibliographic InfoPaper provided by EconWPA in its series Industrial Organization with number 9502001.
Date of creation: 15 Feb 1995
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- Stuart Kells, 2001. "Prices In Sequential Auctions: Preliminary Evidence From Australian Rare Book Auctions," Department of Economics - Working Papers Series 820, The University of Melbourne.
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