2012

An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions

Reprint No. 2012:51

Author(s): Tommy Andersson, Christer Andersson and Fredrik AnderssonYear: 2012 Title: Economics Letters Volume (No.): 116 (1) Pages: 99–101
Online article (restrictions may apply)


This paper investigates hypotheses related to efficiency and price uniformity in online competing auctions based on two theoretical predictions from Peters and Severinov [Peters, M., Severinov, S., 2006. Internet auctions with many traders. Journal of Economic Theory 130, 220–245]. The investigation is conducted using a large and ideal data set for online competing train ticket auctions, and the findings support the theoretical predictions in large parts.
 


Reference:
Andersson, Tommy, Christer Andersson and Fredrik Andersson (2012), "An Empirical Investigation of Efficiency and Price Uniformity in Competing Auctions". Economics Letters 116(1), 99–101.

Fredrik Andersson

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