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The Declining Price Anomaly Is Not Universal in Multi-buyer Sequential Auctions (But Almost Is) [PDF]

open access: yesLecture Notes in Computer Science, 2019
The declining price anomaly states that the price weakly decreases when multiple copies of an item are sold sequentially over time. The anomaly has been observed in a plethora of practical applications. On the theoretical side, Gale and Stegeman proved that the anomaly is guaranteed to hold in full information sequential auctions with exactly two ...
Vishnu V Narayan, Vetta Adrian
exaly   +3 more sources

Absentee Bidders and the Declining Price Anomaly in Wine Auctions [PDF]

open access: yesJournal of Political Economy, 1998
The anomaly is concerned with the observation that in multiple item auctions of identical objects, prices tend to decline over time. I show that in the case of wine auctions, which have been analyzed frequently, the anomaly is likely to be caused by the fact that most bids are entered by absentees, who use nonoptimal bidding strategies. Therefore, wine
VÍCTOR Ginsburgh
exaly   +3 more sources

The Declining Price Anomaly in Dutch Dutch Rose Auctions [PDF]

open access: yesAmerican Economic Review, 2001
Jan C Van Ours   +2 more
exaly   +3 more sources

Sequential auctions and price anomalies [PDF]

open access: yesEkonomski Anali, 2014
In sequential auctions objects are sold one by one in separate auctions. These sequential auctions might be organized as sequential first-price, second-price, or English auctions. We will derive equilibrium bidding strategies for these auctions.
Trifunović Dejan
doaj   +1 more source

Analysis of Big Trader Positions, Firm Profitability, Price Volatility and Their Impact on Sharia Stock Market Prices (A Study of the Jakarta Islamic Index on the Indonesia Stock Exchange) [PDF]

open access: yesОблік і фінанси
An intriguing anomaly emerged in the Indonesian market between 2021 and 2023. While the broader Indonesia Sharia Stock Index (ISSI) exhibited a general upward trend (bullish), the Jakarta Islamic Index (JII), which tracks the 30 largest and most liquid ...
Teguh Wijayanto   +2 more
doaj   +1 more source

The declining price anomaly in sequential auctions with asymmetric buyers: Evidence from the Nephrops norvegicus market in France

open access: yes, 2015
Le paradoxe du déclin journalier des prix pour des ventes séquentielles de lots identiques interroge la théorie des enchères qui prédit l’uniformité des prix au cours d’une même vente. Ce phénomène est plus répandu que prévu chez des acheteurs rationnels en concurrence pour des biens identiques au cours d’interactions répétées. Parmi les hypothèses les
Salladarré, Frédéric   +3 more
openaire   +3 more sources

Key tropical crops at risk from pollinator loss due to climate change and land use. [PDF]

open access: yesSci Adv, 2023
Millard J   +7 more
europepmc   +1 more source

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