Results 211 to 220 of about 763 (248)
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How to Set a Deadline for Auctioning a House
SSRN Electronic Journal, 2020We investigate the optimal choice of an auction deadline by a house seller who commits to this deadline before the arrival of any buyers. In our model buyers have evolving outside options, and their bidding behaviors change over time. We find that if the seller runs an optimal auction, then she should choose a longer deadline.
Alina Arefeva, Delong Meng
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, 2003 In this paper, we study the incentives for market concentration of (online and traditional) auction houses. Would sellers and buyers be better off if two separate auction houses merged? We suppose that each auction house has a separate clientele of sellers and buyers.
Jesse A. Schwartz, Ricardo Ungo
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Commission strategy of the auction house
Wuhan University Journal of Natural Sciences, 2006In a SIPV model, when the commission proportion is not certain, but related with bargain price, generally, it is a linear function of the bargain price, this paper gives bidders' equilibrium bidding stategies in the first-and secondprice auctions. We find that the equilibrium strategies in second-price auction are dominant strategies.
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The stackelberg game of seller and the auction house
2011 International Conference on E-Business and E-Government (ICEE), 2011This paper studies a three-stage stackelberg game of seller and the auction house in a sealed-bid auction model with two parameters of a reserve price and a commission rate. We discuss two kinds of models. In the model one, the auction house is the leader and seller is the follower; in model two, seller is the leader and the auction house is the ...
Yang Weixing, Liu Shulin
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The performance of auction houses selling Picasso Prints. [PDF]
, 2002 It has been observed that similar prints can obtain quite different prices at different auctions within the same auction period. Previous works applying hedonic price technique to determine the formation of auction prices of objects of art have found no conclusive result about the impact of auction houses on final prices. In these studies the object of
Finn Forsund, Roberto Zanola
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The art of benchmarking: Picasso prints and auction house performance
Applied Economics, 2006The influence of the auction house on the price of comparable art objects is an issue in the economics of arts literature. The standard approach has been to run hedonic price regressions including the auction house as a dummy variable. The approach in this paper is to apply benchmarking tools developed in the efficiency and productivity literature ...
FORSUND, F, ZANOLA, Roberto
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Issues of Authenticity in the Auction House
2004Abstract In a museum or in a gallery, where deadlines are seldom as pressing as they are in an auction house, it would not be uncommon for cataloguing research into works of art to continue for months or even years. In an auction house, however, sales are held regularly; even in an area with no more than two major sales a year — the ...
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Bidding behavior in housing auctions Bidding behavior in housing auctions *
2022Walbaekken, Mikkel +3 more
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Auction House Guarantees for Works of Art [PDF]
, 2014 Auction houses use both in-house and third-party guarantees for sellers who are concerned about the risk that not enough bidders will enter the auction for their works. Auction houses are compensated for guarantees by buyers’ commissions and successful sales after attracting important works of art. Sellers compensate third-party guarantors by splitting
Graddy, Kathryn, Hamilton, Jonathan
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