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The Impact Of Change In Auction Format On Bidding Behavior

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Author Info

  • Dakshina G. De Silva

    (Texas Tech University)

  • Anuruddha Kankanamge

    (University of Oklahoma)

  • Georgia Kosmopoulou

    (University of Oklahoma)

Abstract

We investigate differences in bidding behavior and participation patterns between simultaneous and multi-round auction formats held in the state of Oklahoma. Theory suggests there could be differential bidding effects arising from synergies and the release of relevant information across the two formats. We find no statistically significant difference in either the number of bids submitted or the bidding patterns observed relative to the control group of auctions held under a uniform format in Texas.

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File URL: http://128.118.178.162/eps/mic/papers/0512/0512009.pdf
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Bibliographic Info

Paper provided by EconWPA in its series Microeconomics with number 0512009.

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Length: 9 pages
Date of creation: 31 Dec 2005
Date of revision:
Handle: RePEc:wpa:wuwpmi:0512009

Note: Type of Document - pdf; pages: 9
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Web page: http://128.118.178.162

Related research

Keywords: Auctions; Multi-round auctions.;

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References

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  1. Patrick Bajari & Lixin Ye, 2003. "Deciding Between Competition and Collusion," The Review of Economics and Statistics, MIT Press, vol. 85(4), pages 971-989, November.
  2. Robert W. Rosenthal & Ruqu Wang, 1995. "Simultaneous Auctions with Synergies and Common Values," Papers 0060, Boston University - Industry Studies Programme.
  3. Anders Lunander & Jan-Eric Nilsson, 2004. "Taking the Lab to the Field: Experimental Tests of Alternative Mechanisms to Procure Multiple Contracts," Journal of Regulatory Economics, Springer, vol. 25(1), pages 39-58, January.
  4. Vijay Krishna & Robert Rosenthal, 1995. "Simultaneous Auctions with Synergies," Papers 0056, Boston University - Industry Studies Programme.
  5. Moreton, Patrick S & Spiller, Pablo T, 1998. "What's in the Air: Interlicense Synergies in the Federal Communications Commission's Broadband Personal Communication Service Spectrum Auctions," Journal of Law and Economics, University of Chicago Press, vol. 41(2), pages 677-716, October.
  6. De Silva, Dakshina G. & Dunne, Timothy & Kankanamge, Anuruddha & Kosmopoulou, Georgia, 2008. "The impact of public information on bidding in highway procurement auctions," European Economic Review, Elsevier, vol. 52(1), pages 150-181, January.
  7. ALBANO, Gian Luigi & GERMANO, Fabrizio & LOVO, Stefano, . "A comparison of standard multi-unit auctions with synergies," CORE Discussion Papers RP -1556, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  8. Paul Milgrom & Robert J. Weber, 1981. "A Theory of Auctions and Competitive Bidding," Discussion Papers 447R, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  9. Jofre-Bonet, Mireia & Pesendorfer, Martin, 2000. "Bidding behavior in a repeated procurement auction: A summary," European Economic Review, Elsevier, vol. 44(4-6), pages 1006-1020, May.
  10. Lawrence M. Ausubel & Peter Cramton & R. Preston McAfee & John McMillan, 1998. "Synergies in Wireless Telephony: Evidence from the Broadband PCS Auctions," Papers of Peter Cramton 97jems, University of Maryland, Department of Economics - Peter Cramton, revised 09 Jun 1998.
  11. Dakshina G. De Silva, 2005. "Synergies in Recurring Procurement Auctions: An Empirical Investigation," Economic Inquiry, Western Economic Association International, vol. 43(1), pages 55-66, January.
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